Tag: fashion
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Saks’ Pending Bankruptcy Was Baked In the Moment It Tried to Save the Luxury Department Store Model
If reports are correct that Saks Fifth Avenue, through its parent structure, is preparing for a Chapter 11 filing after missing a massive interest payment tied to its acquisition financing, this should not be treated as a sudden deterioration or an unfortunate turn of events. It is the predictable outcome of trying to solve a…
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