Saks Global Hires Advisors As It Works to Shore Up Liquidity
Saks Global, which told bondholders two weeks ago that it was looking at options to shore up its balance sheet, has brought some heavy-hitting advisers on board to help with…
Luxury Reset and Industry Shake-Up
Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later. And then there’s a focal point — some…
Saks Global Faces Bondholder Concerns Amid Retail Challenges
Bondholders can be a tough crowd — just ask Saks Global. Equity investors are more excitable and want nothing but growth. But since bondholders have actually loaned a business money,…
Saks Global Cuts 550 Jobs Amid Neiman Marcus Consolidation Efforts
Updated April 22 2:18 P.M. ET Saks Global — which operates both Saks Fifth Avenue and Neiman Marcus — is laying off hundreds of workers this week as part of…