Saks’ parent company, Saks Global Enterprises, filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas after missing a $100 million interest payment in December, adding to mounting debt obligations.Following the filing, Saks Global announced Wednesday that it has secured a financing commitment of approximately $1.75 billion, backed by senior secured bondholders and asset-based lenders, to support operations during the restructuring.The company also named Geoffroy van Raemdonck as chief executive officer, effective immediately.It said s...

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