Business
Cash-Strapped Saks Skips Bond Payment Amid Talks With Creditors
SOURCE:Bloomberg|BY:Reshmi Basu, Eliza Ronalds-Hannon
Saks Global Enterprises, the cash-strapped retailer, skipped an interest payment to bondholders totaling more than $100 million that was due Tuesday as it looks to negotiate a deal with creditors, according to people familiar with the situation.
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