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WSJ: Saks Prepares for Bankruptcy After Missing Debt Payment

January 02, 2026, 08:15 AM
Filed Under: Retail

The Wall Street Journal reported that Saks Global, the owner of Saks Fifth Avenue and Neiman Marcus, is preparing to file for bankruptcy within days after missing an interest payment on the debt it took on to buy Neiman Marcus, according to people familiar with the matter. 

Read the full Wall Street Journal Report.







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