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Saks’ bankruptcy filing creates uncertainty for iconic stores, suppliers and shoppers
Saks Global owes billions to luxury brands and suppliers while facing disputes with Amazon and plans for store closures under Chapter 11 bankruptcy protection.
Summary by Washington Top News
8 Articles
8 Articles
+2 Reposted by 2 other sources
Saks’ bankruptcy filing creates uncertainty for iconic stores, suppliers and shoppers
NEW YORK (AP) — An appeal for bankruptcy protection filing of the operator of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus has left the luxury…
·Washington, United States
Read Full ArticleSaks Files for Bankruptcy, Shaking Luxury Retail’s Foundations
The operator of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus has filed for bankruptcy protection, a move that has rippled through the luxury retail world, leaving suppliers unpaid and straining ties with Amazon, one of Saks Global’s minority investors. The filing lands like a chandelier crashing onto a marble floor — sudden, loud and impossible to ignore — exposing the fragile balance holding together some of America’s most iconic depar…
Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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