Saks Global Aims to Exit Bankruptcy by June with $1.2 Billion Debt Load
Saks Global is nearing the end of its bankruptcy proceedings, expecting to exit around June 22 with approximately $1.2 billion in debt following court approval for a key reorganization step. The company plans to achieve significant growth over the next few years, projecting total gross merchandise value near $9 billion by fiscal year 2030 and turning net income positive by 2029.
Topics: bankruptcy exit debt restructuring retail