Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase of rival Neiman Marcus in 2024. The filing in US Bankruptcy Court for the Southern District of Texas marks the first major US retail […]

The postSaks Global files bankruptcy year after $2.65B acquisitionappeared first onRolling Out.