Chanel, Kering and LVMH Owed About $225 Million by Bankrupt Saks
Saks Global Enterprises’ delayed payments to luxury brands played a key role in accelerating the retailer’s decline and pushing it into bankruptcy.
By Jeannette Neumann · Bloomberg Markets
Saks Global Enterprises’ delayed payments to luxury brands played a key role in accelerating the retailer’s decline and pushing it into bankruptcy.