Saks Global faces financial hurdles post the Neiman Marcus acquisition. The company made a crucial interest payment. It ...

The luxury retailer made an initial payment to bondholders on time, but six months after it acquired Neiman Marcus concerns ...

The first $300 million will be given right away by investors who hold just over half of Saks’ $2.2 billion in high-interest ...

As the holidays loom and past vendor payments come due, the package replaces a previous proposal for $350 million in new ...

Saks Global Enterprises has reached a $600 million debt deal with a number of its existing lenders that would force some ...

Saks has responded in a no less relatable way: by going deeper into debt. Late on Friday it announced a complex $600mn ...

Larry Bruce, who was at Neiman Marcus for nearly a decade before jumping to Saks Fifth Avenue in 2003, is leaving the luxury ...

Owner of Saks Fifth Avenue and Neiman Marcus is expected to ask bondholders excluded from the financing to take a haircut.

The switch has led to some other key executive changes. Mary McGreevy has been named chief stores officer for the Saks Fifth ...

Saks Global Enterprises has reached a $600 million debt deal with a number of its existing investors that would force some creditors to accept losses and push them back in the repayment priority line.

Just as embattled Saks Global Enterprises faces the first interest payment on debt it incurred to buy rival Neiman Marcus ...