Cash-strapped luxury retailer Saks Global files for bankruptcy protection
Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is seeking a financial lifeline. The company filed for Chapter 11 bankruptcy protection late Tuesday, citing cash shortfalls and missed key payments. Saks, which had been trying to secure $1 billion in financing to keep its stores open, recently missed interest…

