Saks Global Seeks 1 Billion Dollar Loan Amid Luxury Slowdown

#NewYork, #USA
Richard Baker became CEO of Saks Global Enterprises as the luxury group seeks a 1 billion dollar loan to prevent bankruptcy.The company entered financial negotiations after missing a major debt payment in late December following the acquisition of Neiman Marcus.This liquidity crisis occurs amid global trade turmoil and a downturn in the luxury sector linked to the policies of Donald Trump.
Published:46h |Updated:38h
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