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Luxury retailer cuts 16% corporate jobs as bankruptcy exit nears

THE STREET·4d ago·3 min read
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Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks Off 5th, filed for Chapter 11 bankruptcy in January of this …

Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks Off 5th, filed for Chapter 11 bankruptcy in January of this …

Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks Off 5th, filed for Chapter 11 bankruptcy in January of this …

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