Luxury Retailer Saks Mulls Bankruptcy Filing

Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is reportedly considering Chapter 11 bankruptcy as a last resort. The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets. Separately, some Saks lenders have held confidential talks in recent days to assess the company’s cash needs, according to reports. Bloomberg’s Eliza Ronalds-Hannon joined “Caroline Hyde and Romaine Bostick on ‘Bloomberg Businessweek Daily’ to break it down.
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