Saks Global faces a crucial moment with a $100 million interest payment due to stay current on $2.2 billion in debt from buying Neiman Marcus last year. Recent sale-leaseback deals might provide the cash, but experts speculate bankruptcy or last-minute deals. Saks executives are silent amidst uncertainty, but the business still holds value. Saks Global has signed 99-year leases for Neiman Marcus stores, but industry stakeholders are monitoring the situation closely. If Saks misses interest payments, they have a grace period to find a solution with bondholders. Saks and Neiman Marcus stores are open but struggling due to slow payments to vendors, leaving shelves sparse.

Read more at Yahoo Finance: Saks Global Faces Key Interest Payment