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Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse

High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, in one of the largest retail collapses since the pandemic. It comes barely a year after a deal intended to create a luxury powerhouse brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof. The filing cast uncertainty over the …

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