Saks Global Files for Chapter 11 Following Neiman Marcus Acquisition

#NewYork, #USA
Saks Global filed for Chapter 11 bankruptcy protection to restructure significant debt following its acquisition of Neiman Marcus.Geoffroy van Raemdonck leads the luxury retailer as it addresses a 136 million dollar claim from Chanel alongside debts to Google and Meta.The company aims to stabilize operations through cost-cutting measures, store closures, and the implementation of a unified merchandising platform.
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#GeoffroyVanRaemdonck#SaksGlobal#NeimanMarcus#Chanel#Google#Meta
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