Saks’ Distressed Debt Tumbles to Lows Ahead of Interest Deadline

Saks Global Enterprises’ debt has sunk to new lows in recent days as the luxury retailer faces a more than $100 million interest payment deadline at the end of the...

By Reshmi Basu, Eliza Ronalds-Hannon · Bloomberg Markets

Saks Global Enterprises’ debt has sunk to new lows in recent days as the luxury retailer faces a more than $100 million interest payment deadline at the end of the month amid sales declines and troubled vendor relationships.