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US company Saks weighs bankruptcy a year after raising billions for turnaround

Saks Global Enterprises faces a critical debt payment this month. The company is exploring Chapter 11 bankruptcy as a potential option. Other possibilities include raising emergency funds or selling assets. Lenders are discussing a debtor-in-possession loan. A recent acquisition failed to improve the company's financial standing. Saks is working with stakeholders to secure its future.

24 Dec 2025 12:55 am