BME:PUIGPersonal Products
Is Saks Global Bankruptcy Exposure Reshaping Credit Risk Perceptions For Puig Brands (BME:PUIG)?
Saks Global’s recent Chapter 11 bankruptcy filing revealed that Puig Brands is an unsecured creditor, with about US$12,000,000 in outstanding receivables tied to the luxury retailer’s restructuring of more than €700,000,000 in debt.
This exposure highlights Puig’s credit risk to key distribution partners, raising questions about the timing and extent of any recovery despite Saks securing US$1.75 billion in new financing to keep operations running.
Against this backdrop, we’ll explore how...