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In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge

The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
Saks Fifth Avenue in Midtown Manhattan.
Saks Global filed for bankruptcy on Jan. 14. (Shutterstock)

Some of the world’s biggest luxury brands are quietly exerting their influence in talks with bankrupt

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