Saks Global, the company formed almost a year ago when Saks acquired Neiman Marcus Group for $2.7 billion, has had a rocky first year in business. Now, what will happen to Saks Global, and the many brands that rely on its stores as a sales channel, has become a focal point heading into 2026.

This week, the latest shoe dropped in the retailers’ ongoing payments saga. Saks factor (a financial firm that purchases a business’s unpaid invoices for cash) Hilldun Corporation paused approvals on shipments to Saks after the retailer missed two weeks of payments. Brands — many of whom had already shipped their resort collections to Saks before Hilldun paused signing off on orders — are questioning whether they’ll be shipping their Spring/Summer 2026 products in the new year.

Hilldun CEO Gary Was

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