Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, The Wall Street Journal reported on Wednesday, citing people fa… [+1530 chars]
Saks Group reportedly preparing to file bankruptcy after missing debt payment - CNBC
The parent of high-end department store chain Saks Fifth Avenue failed to make an interest payment of over $100 million due on Tuesday, WSJ reported.
By:Reuters
Source:CNBC
Published:
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