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Saks Global Nabs $500 Million in Post-Bankruptcy Financing

The department store group aims to exit Chapter 11 by summer with a leaner store footprint and repaired vendor relationships.
The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus with help from Amazon.
The $500 million in funding is contingent on Saks’ emergence from Chapter 11, which is currently projected for this summer. (BoF Team)

Saks Global is one step closer to completing its restructuring.

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