Exclusive: Saks Global nearing $1.75 billion financing plan ahead of bankruptcy filing, sources say

Beleaguered ​luxury retailer Saks Global is close to finalizing $1.75 billion in financing with creditors that ‌would allow its iconic Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus stores to remain open while the department stores conglomerate reorganizes its debt and operations in bankruptcy, which could be filed as soon as Tuesday, two people familiar with the negotiations said.Read More