On reprieve until the end of January 2026 after missing a US$100 million bond payment on December 30, the U.S. department store retailer Saks Global (2024 revenue: US$7.3 billion dollars, down by 10%, via 131 stores) is on the verge of finalising bankruptcy financing of approximately US$1.25 billion, according to the WSJ. The investor group, led by Bracebridge Capital and Pentwater Capital, plans to acquire the company after bankruptcy. After injecting US$600 million back into the business last
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Article authors
Sophie Baqué
Chief Editor of mind Retail