Saks Global Files for Chapter 11 Bankruptcy After Neiman Marcus Merger

#NewYork, #USA
Saks Global filed for Chapter 11 bankruptcy protection after missing a $100 million interest payment following its acquisition of Neiman Marcus.The parent company of Saks Fifth Avenue and Bergdorf Goodman appointed Geoffroy van Raemdonck as CEO to lead restructuring efforts.Major luxury fashion houses Chanel and Kering are listed among over 10,000 creditors in the bankruptcy filing.
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#GeoffroyVanRaemdonck#SaksGlobal#SaksFifthAvenue#NeimanMarcus#BergdorfGoodman#Chanel#Kering
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