Saks Global Faces Key Interest Payment

Saks Global’s make-or-break moment has come. The struggling luxury department store company has a more than $100 million interest payment due on Tuesday, which is necessary to keep it current on the $2.2 billion in debt it took on to buy Neiman Marcus Group last year. More from WWD The company might have that cash on hand after recent sale-leaseback deals for the Neiman Marcus stores in Beverly Hills and San Francisco, but sources closely watching the situation wonder if that money will ever get to bond ...