Suppliers Halt Shipments After Saks Global Faces Selective Default

#NewYork, #USA
Major apparel brands are halting inventory shipments to Saks Global following a selective default rating from S&P Global and a missed 100 million dollar payment.Hilldun Corporation CEO Gary Wassner advised over 100 clients to withhold orders as the retailer has reportedly failed to make payments since mid-December.The crisis deepened after Richard Baker took over as CEO from Marc Metrick amid mounting lawsuits from creditors like Off White and Criteo.
Published:22h
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#GaryWassner#SaksGlobal#RichardBaker#SPGlobal#MarcMetrick#HilldunCorporation#OffWhite#Criteo
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