Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors

Seven brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it monetised some real estate to help fund its retail operations.

Saks to Vendors: We Have Sufficient Liquidity

Read Wholesale Fashion News & Analysis Here

Read Wholesale Fashion News & Analysis Here

Hudson's Bay owner makes US$340 million from North American real

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