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Report: Saks Eyes Filing for Chapter 11 Bankruptcy as Soon as Sunday

The company is heading towards Chapter 11 without a restructuring agreement in place, with an eye toward crafting one in the coming weeks, Bloomberg reported.
Saks retailer in New York City.
A bankruptcy filing from Saks would mark a dramatic fall for the luxury retailer that just a year ago embarked on a major turnaround plan involving acquiring Neiman Marcus. (Shutterstock)

Saks Global Enterprises

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