Saks Global – The paper fuel business magazine uk

02Feb

Saks Global ending e-commerce partnership with Amazon, source says

New York: Bankrupt retailer Saks Global is ending its "Saks on Amazon" partnership with e-commerce giant Amazon.com, a source with direct knowledge of the decision said on Friday. The ‌partnership…

15Jan

Saks Global’s prime real estate emerges as key leverage in post-bankruptcy talks

Saks Global's prime real estate portfolio could serve as a crucial bargaining chip with lenders as the hard-hit luxury shopping empire navigates its restructuring after filing for bankruptcy. The upmarket…

05Jan

Saks Global in Talks for $1B Loan Ahead of Possible Chapter 11 Filing, Bloomberg reports

Saks Global Enterprises is in talks to secure a loan of about $1 billion as it prepares for a possible Chapter 11 bankruptcy filing in the coming weeks, Bloomberg News…

02Jan

Saks Global CEO Marc Metrick Steps Down, Richard Baker Takes Over

Saks Global said on Friday CEO Marc Metrick has stepped down, naming Executive Chairman Richard Baker as his successor, amid reports that the luxury retailer is preparing for bankruptcy. The CEO…