Brief
Saks Fifth Avenue Secures $500M in Loans to Emerge From Bankruptcy
Saks Fifth Avenue has secured half a billion dollars in financing to stabilize its balance sheet for when it emerges from Chapter 11 bankruptcy. The retailer, which began reducing its store count to 2
Summary
Saks Fifth Avenue has secured half a billion dollars in financing to stabilize its balance sheet for when it emerges from Chapter 11 bankruptcy.
The retailer, which began reducing its store count to 25 in February as part of the process, announced Thursday that it received commitments from an ad hoc group of its senior […]
Source
- Commercial Observercommercialobserver.com
