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Saks Skips Bond Payment Amid Talks With Creditors

The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.
Two people leave a Saks store
Saks skipped a $100 million bond payment on Tuesday. (Getty Images)
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Saks Global Enterprises, the cash-strapped retailer, skipped an interest payment to bondholders totaling more than $100 million that was due Tuesday as it looks to negotiate a deal with creditors, according to people familiar with the situation.

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