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#FPTechandTrade: Is Luxury Retail in Trouble? Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for Chapter 11 bankruptcy protection in the United States. The company says it is restructuring its debts under court supervision while continuing operations. The filing follows financial strain after a major acquisition of Neiman Marcus in late December 2024, reported at about $2.7 billion, and a missed interest payment in late 2025. The script explains what C
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