Saks creditors suffer as high debt and slowing sales weigh on finances
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default
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Luxury department store chain Saks files for bankruptcy
Retailer has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman
Leveraged luxury: fall of Saks Global to scorch US business stars
Gilded department store chain is grappling with heavy debt and angry suppliers
Death of a dream: Saks’ crisis exposes luxury department store woes
Chain sought to be the ultimate retailer in the sector but its collapse suggests plenty of shoppers never wanted it at all
First Brands creditors reckon with dwindling chance of repayment
Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn
The trend strengthening the hand of big credit houses
Weak creditor protection in deals gives advantage to those with the resources to examine documentation
Private credit firms pile into consumer debt as risk-taking mounts
Growth raises concerns about underwriting and risk management at fast-expanding groups