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Saks Global faces possible bankruptcy over $100M debt, though it denies plans, citing financing and improved liquidity.
Saks Global Enterprises, owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is reportedly facing potential Chapter 11 bankruptcy due to financial strain, including a $100 million debt payment due by December 31, 2025.
Financial data shows consistent late supplier payments—27 to 41 days beyond terms—indicating ongoing cash flow issues.
Despite these concerns, the company denies any bankruptcy plans, citing $600 million in financing, improved liquidity, and expected performance gains from normalized inventory and integration.
Marc Metrick, who led the Neiman Marcus acquisition, is expected to leave, though the company has not confirmed this.
Saks Global se enfrenta a una posible bancarrota por una deuda de $ 100 millones, aunque niega los planes, citando financiamiento y liquidez mejorada.