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Saks Global secures $300M bankruptcy funding, bondholders back five-year plan
Saks Global accessed $300 million of its $1.75 billion bankruptcy financing and gained bondholder support for a five-year business plan to stabilize operations.
Saks to close Tysons Galleria store, laying off 70 workers
Saks Global Enterprises announced that it plans to close its Saks Fifth Avenue store at the Tysons Galleria, laying off 70 employees.
Saks to close Richmond store, laying off 40 workers
Saks Fifth Avenue will close its Richmond store, cutting 40 jobs as parent company seeks bankruptcy court approval.
Saks Global Plans Chapter 11 Bankruptcy Filing
Luxury retailer Saks Global plans to file for Chapter 11 as soon as Sunday as it seeks financing to stay operating.
