AI & Machine Learning

Bankrupt luxury retailer Saks plans to ditch its corporate jet

Ali Nemati8 hours ago23 sec read5 views0 listens

Bankrupt luxury retailer Saks Global is selling its corporate jet for $6 million to boost liquidity. The sale, requiring court approval, involves a 2003 Gulfstream G400 used by executives and sometimes for personal travel by company leaders. This move reflects broader cost-cutting efforts as Saks navigates financial challenges post-bankruptcy filing in January.

Read the full article at Business Insider

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