Saks bond suffers US$1bil loss before a single payment is made

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It was supposed to be just what Saks needed to turn things around. By taking over struggling rival Neiman Marcus, the pitch went, the iconic retailer would become a luxury powerhouse – one with enough bargaining and pricing power to cut costs and boost profitability. Read full story

Date: 16 May, 2025 6:00 am
Source: thestar.com.my

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