Saks Global, century-old high-end department store chain, files for bankruptcy [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Bankruptcy Court in Houston, throwing the future of the roughly century-old high-end department store chain into doubt. Saks recently missed a debt payment stemming from a 2024 deal by its parent company, Hudson's Bay Company, to buy rival luxury retailer Neiman Marcus for $2.65 billion, The Wall Street Journal reported in late December, citing people familiar with the matter. Hudson's Bay raised $2 billion in debt to complete the deal, while Apollo Global Management affiliates provided an additional $1.5 billion in financing. Amazon also took a minority stake in Saks Global to facilitate the deal. Saks recently missed a more than $100 million interest payment to bondholders, according to The Wall Street Journal, which also said the retailer has fallen behind on payments to vendors. Some suppliers have responded by withholding shipments, leaving Saks with thinner merchandise offerings. New York-based Saks launched in 1924, opening its first store in Manhattan, according to a h
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APO
Earnings
- 11/4/25 - Beat
APO
Sec Filings
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- 12/12/25 - Form 4
- APO's page on the SEC website