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Saks Global Prepares for Bankruptcy After Missing Debt Payment

The retailer is in talks with its creditors to secure financing after missing a debt payment tied to its Neiman Marcus acquisition, as reported by The Wall Street Journal.
An image of Saks Fifth Avenue's flagship store in New York.
Saks Global is in talks with creditors, according to The Wall Street Journal. (Getty Images)

Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter.

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