Saks Owner Raises $340 Million After Retailer Didn't Pay Vendors

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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Saks Parent HBC Raises $340M Through 'Real Estate Monetizations

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Top headlines: Hudson's Bay owner raises $340 million from real

Doug Stephens on LinkedIn: The Store is Media

Cathaleen Chen (@Cathaleen_Chen) / X

Doug Stephens on LinkedIn: The Store is Media

Dana Della Valle (@DanaDellaValle) / X