Luxury department store conglomerate Saks Global filed for bankruptcy protection late Tuesday night, in one of the largest US retail collapses since the Covid era and, among other things, what appears to be a casualty of the menacing K-shaped economy. Saks Global has been weighed down by heavy debt»»»

A retailer long loved by the rich and famous, from Gary Cooper to Grace Kelly, Saks fell on hard times after the COVID pandemic. NEW YORK, Jan 14 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses sin»»»