Saks Global Faces $1 Billion Financing Crisis Amid Bankruptcy Consideration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2026
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Source: Newsfilter
- Financing Challenges: Saks Global is struggling to secure up to $1 billion in financing necessary for survival, as investor concerns over its ability to reorganize hinder progress, potentially leading to bankruptcy filing.
- Historic Struggles: As a 159-year-old luxury retail chain, Saks' financing issues not only threaten its immediate survival but also risk eroding its historical brand value, further weakening its competitive position in the market.
- Bankruptcy Risk: Without securing bankruptcy financing, Saks faces the risk of liquidation, which would have significant repercussions for its employees and supply chain, potentially leading to a decline in consumer confidence.
- Market Reaction: Investor sentiment towards Saks remains cautious, which could result in further declines in its stock price, impacting the overall luxury goods market amid increasing economic uncertainty.
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Analyst Views on NMG
Wall Street analysts forecast NMG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NMG is 5.02 USD with a low forecast of 3.59 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.670
Low
3.59
Averages
5.02
High
7.50
Current: 2.670
Low
3.59
Averages
5.02
High
7.50
About NMG
Nouveau Monde Graphite Inc. is a Canada-based integrated company. The Company is engaged in developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral active anode material to power electric vehicle (EV) and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Quebec, Canada. It is advancing the development of its Matawinie graphite property, in which the Company has a 100% interest, to produce about 106,000 tons per annum (tpa) of graphite concentrate. The Becancour Battery Material Plant is approximately 150 kilometers (km) northeast of Montreal on the Saint Lawrence River. Its Uatnan Mining Project is located in the Cote-Nord administrative region, Quebec, Canada, approximately 220 km as the crow flies, north northwest of the closest community, the city of Baie-Comeau.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Saks Appoints New CEO and Files for Bankruptcy with $1.75 Billion Debt
- New CEO Appointment: Saks has appointed Geoffroy van Raemdonck as the new CEO effective immediately, succeeding Richard Baker, aiming to navigate the company through its current challenges.
- Bankruptcy Filing: Following its acquisition of Neiman Marcus, Saks has increased its debt to approximately $1.75 billion, and despite securing financing commitments, it faces a daunting market environment.
- Deteriorating Retail Landscape: The bankruptcy of Saks highlights the struggles of high-end department stores in recovering post-pandemic, as consumers shift towards cheaper private-label brands and low-cost e-commerce options, impacting Macy's and Kohl's as well.
- Market Reaction: The news of Saks' bankruptcy led to a nearly 6% drop in Kohl's shares and a 4% decline in Macy's, reflecting market pessimism regarding the future of the department store sector.
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Saks Global Faces $1 Billion Financing Crisis Amid Bankruptcy Consideration
- Financing Challenges: Saks Global is struggling to secure up to $1 billion in financing necessary for survival, as investor concerns over its ability to reorganize hinder progress, potentially leading to bankruptcy filing.
- Historic Struggles: As a 159-year-old luxury retail chain, Saks' financing issues not only threaten its immediate survival but also risk eroding its historical brand value, further weakening its competitive position in the market.
- Bankruptcy Risk: Without securing bankruptcy financing, Saks faces the risk of liquidation, which would have significant repercussions for its employees and supply chain, potentially leading to a decline in consumer confidence.
- Market Reaction: Investor sentiment towards Saks remains cautious, which could result in further declines in its stock price, impacting the overall luxury goods market amid increasing economic uncertainty.
Continue Reading