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AI tool detects 9 types of dementia from a single scan with 88% diagnostic accuracy
World-first: Slow-motion earthquake that travels miles in weeks captured, stuns scientists
In Paris, All Eyes on Jonathan Anderson’s Dior Debut
Biodegradable memory device survives 3,000 bends, dissolves in just three days
Jonathan Anderson’s Grunge Aristocracy at Dior
Saks Gets $600 Million Lifeline as Creditors Face Steep Losses
Shein to File Confidentially for Hong Kong IPO, Sources Say
The BoF Podcast | Yasmin Sewell: Intuition Can be a Superpower in Business
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale

Category: Financial Restructuring

Fashion and Luxury Retail Financial Restructuring
Arman Kuyran

Saks Gets $600 Million Lifeline as Creditors Face Steep Losses

Saks Secures $600 Million Rescue Package Amidst Creditors’ Potential Losses Luxury retailer Saks Fifth Avenue has been navigating choppy financial waters, but a recent development has injected a ray of hope into its future. In a bold move to stave off potential losses, a group holding a slim majority of Saks’ $2.2 billion of 11 […]

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