Like two floundering swimmers dragging each other beneath the waves. Saks bought Neiman Marcus. Little more than a year later, Saks is veering towards bankruptcy. Will it take down both stores in Chicago? Losing even one would be a major blow to Michigan Avenue.
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Saks to sell Neiman Marcus property in S.F.’s Union Square as bankruptcy fears mount
Faced with bankruptcy as a result of its acquisition of Neiman Marcus, Saks Global has sold a major property in San Francisco’s Union Square that was acquired as a result of the merger.
