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Stock impact report

Saks Global Reveals Top 30 Unsecured Creditors, Chanel Hit Hardest in Bankruptcy [Yahoo! Finance]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
After a year and more of promises that the retailer will make good on its past-due bills, it's now up to a federal bankruptcy judge in Texas to decide just which unsecured creditors get what. Given all the debt in the bankruptcy — Saks Global took on $2.2 billion in bonds to buy Neiman Marcus Group in 2024 — unsecured creditors like vendors are expected to see only a small portion of what they're owed. More from WWD Saks Global Files for Chapter 11 Bankruptcy Saks Global's Race Into Bankruptcy Reaches Final Stages as Former Neiman's CEO Seen Playing Key Role Richard Baker Exiting Saks Global as Bankruptcy Looms: Sources For some, it will be an existential moment. Smaller designers that are owed money by Saks Global are already cutting bonuses for their employees, laying off workers or, in the extreme, preparing to file for bankruptcy themselves, according to sources. But even though it was believed that most of the larger brands were more insulated from the impact of a fi Show less Read more
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