Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors For Months, Sources Say

Seven brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it monetised some real estate to help fund its retail operations.

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Glenn Warrington on LinkedIn: Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors For…

Luxury retailer Saks reportedly bids $3 billion to take over rival Neiman Marcus

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Top headlines: Hudson's Bay owner raises $340 million from real estate transactions

The Business of Fashion on LinkedIn: Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors For…

HBC raises $340-million as it falls behind on payments to suppliers - The Globe and Mail

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