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Saks Global Secures $500M in Financing, Expects to Exit Bankruptcy This Summer [Yahoo! Finance]
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More from WWD How Saks Global's Business Started to Wake Up in Bankruptcy Saks Global's Expensive Journey Through Bankruptcy Beauty Brands Waiting for Spring at Saks Global That sets the company up to reemerge this summer with access to significant funds to operate its business and position for the future. Geoffroy van Raemdonck, chief executive officer of Saks Global, said: “Achieving this important milestone underscores the progress we are making on our transformation and reflects our capital partners' confidence in our go-forward vision, guided by our relentless devotion to the luxury customer. As we advance the restructuring process and position Saks Global for the future, our focus remains on strengthening our brand partner relationships, and delivering an expertly curated product assortment and personalized service for our luxury customers across Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.” Saks Global said it continues to have “constructive engagement” w
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