Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors For Months, Sources Say

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.

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Dana Della Valle (@DanaDellaValle) / X

The Business of Fashion on LinkedIn: Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors For…

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Lyle Goodis on LinkedIn: Well said Dan.

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Natasha Anspach on LinkedIn: Cartier and it's high jewelry feline ♥️

Cathaleen Chen (@Cathaleen_Chen) / X