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National retailer files for bankruptcy after billions in debt, closing only Ohio location here in Cbus
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National retailer files for bankruptcy after billions in debt, closing only Ohio location here in Cbus
Last month, a famous New York-based company filed for Chapter 11 bankruptcy protection, and as a result, they’re closing a majority of their discount stores. Saks Global Enterprises, who owns Saks Fifth Avenue department store and their discount store, Saks Off Fifth, said in their bankruptcy filing that they’re in $2.5 billion in debt from… Source
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