Hilldun Corp. has paused on Saks Global orders, extending beyond Christmas due to payment delays. Saks Global faces inventory shortages, skipping payments to Hilldun. An interest payment of $120 million is due on Dec. 30. The company has been seeking investors for financial support, with concerns of potential bankruptcy looming.

The credit line from Hilldun is crucial for Saks Global, which has been struggling to keep shelves stocked. The $2.7 billion acquisition of Neiman Marcus and Bergdorf Goodman has been financially challenging. Despite hopes of creating a luxury retail powerhouse, financial issues have plagued the company from the start.

Saks Global’s future remains uncertain as it faces a looming interest payment deadline. The company has been exploring options to raise funds, including selling a stake in Bergdorf Goodman. Concerns about bankruptcy are growing, highlighting the importance of securing financial stability in the retail industry.

Read more at Yahoo Finance: Hilldun Keeps Pause on Saks Global Orders Until After Christmas at Least