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.

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

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Hudson's Bay owner makes US$340 million from North American real

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

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