Despite Saks Fifth Avenue’s bankruptcy filing, your local store isn’t closing — yet
Real estate
Saks Fifth Avenue shopping sprees aren’t over just yet. The Chapter 11 bankruptcy of Saks Global , the parent company of Saks Fifth Avenue, sent shockwaves across the luxury retail world this week. The dramatic move comes barely a year after the company rapidly expanded its 13 million-square-foot real estate footprint with to the recent acquisition of Neiman Marcus and Bergdorf Goodman. Saks Global is now in the midst evaluating its operational properties, according to the filing, signaling
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