Saks Global Faces Key Interest Payment
Yahoo Finance·2025-12-30 04:39

Saks Global’s make-or-break moment has come. The struggling luxury department store company has a more than 100millioninterestpaymentdueonTuesday,whichisnecessarytokeepitcurrentonthe100 million interest payment due on Tuesday, which is necessary to keep it current on the 2.2 billion in debt it took on to buy Neiman Marcus Group last year. More from WWD The company might have that cash on hand after recent sale-leaseback deals for the Neiman Marcus stores in Beverly Hills and San Francisco, but sources closely watching the situation wonder if that money will ever get to bond ...