Saks Secures Financing for Chapter 11 Emergence

Saks Secures Financing for Chapter 11 Emergence

As it seeks to conclude a bankruptcy process, Saks Global Enterprises has entered into a restructuring support agreement with an ad hoc group of its senior secured bondholders to commit $500 million in exit financing upon the company’s emergence from Chapter 11....
Kearney: Rethink Why Consumers Spend

Kearney: Rethink Why Consumers Spend

In a recent survey by the Kearney Consumer Institute, 44% of consumers said their finances have worsened in the last six months, but 51% say they will get better going forward. The survey results suggest many companies might not understand how consumers manage their...