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Report: Saks Global Nearing $1.75 Billion Financing Plan Ahead of Bankruptcy Filing

The financing would ⁠provide an immediate cash infusion of $1 billion through a debtor-in-possession loan from an investor group led by Pentwater ⁠Capital Management and Bracebridge Capital, Reuters reported.
Two people leave a Saks store
Saks could file for bankruptcy as early as Tuesday, sources told Reuters. (Getty Images)

Beleaguered luxury retailer

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