Retail: Bankrupt luxury retailer Saks intends to sell its corporate jet as part of its restructuring efforts.
🚨 Saks Global, the luxury retailer behind Saks Fifth Avenue, has filed for Chapter 11 bankruptcy and is looking to sell its corporate jet for $6M to boost liquidity. This move is part of a broader strategy to streamline operations after accruing significant debt. #SaksBankruptcy #LuxuryRetail 🛩️💼 Read more: [Business Insider](https://www.businessinsider.com/saks-global-selling-corporate-jet-gulfstream-bankruptcy-2026-4)
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