According to media reports, quoting people familiar with the matter, Sachs Global, the parent company of the high-end department store chain Saks Fifth Avenue, is weighing bankruptcy protection as a last resort. The report said that the company faces limited options before paying off more than $100 million of debt due at the end of this month and is exploring ways to increase cash, including raising emergency funds or selling assets.” A spokesperson for Sachs Global said after the report: “We are exploring all possible avenues to ensure a strong and stable future for Sachs Global. The report said that some Sachs lenders recently held secret talks to assess the company's cash requirements, focusing on potential debtors holding loans, a form of bankruptcy financing.

According to media reports, quoting people familiar with the matter, Sachs Global, the parent company of the high-end department store chain Saks Fifth Avenue, is weighing bankruptcy protection as a last resort. The report said that the company faces limited options before paying off more than $100 million of debt due at the end of this month and is exploring ways to increase cash, including raising emergency funds or selling assets.” A spokesperson for Sachs Global said after the report: “We are exploring all possible avenues to ensure a strong and stable future for Sachs Global. The report said that some Sachs lenders recently held secret talks to assess the company's cash requirements, focusing on potential debtors holding loans, a form of bankruptcy financing.