Luxury Giant Saks Global Files for Bankruptcy

Saks Global has declared bankruptcy. The owner of Saks Fifth Avenue and other iconic luxury department stores filed for Chapter 11 bankruptcy late Tuesday in the Southern District of Texas. Each of Saks Global’s marquee brands — it also owns Neiman Marcus and Bergdorf Goodman — is a luxury retailing giant founded more than a century…

‘Two Polish rail freight operators go bankrupt’

Two rail freight operators in Poland are reportedly filing for bankruptcy. It concerns Ost-West Logistic Poland and Cargoway, companies which occupy a minor share of the market. Various Polish media report the bankruptcies. Ost-West Logistic Poland is said to have filed for bankruptcy on 31 December. RailFreight.com could not verify the bankruptcy application. The company…