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Report: Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open

The cash-strapped luxury retailer has been negotiating a forbearance with some of its creditors.
A woman walking past a store
The structure of Saks' financing could change, Bloomberg reported. (Shutterstock)

Saks Global Enterprises is looking to line up a loan of as much as $1 billion to keep the business running as part of a Chapter 11 bankruptcy filing that could happen in coming weeks, according to people familiar with the situation.

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