Saks Hires Kirkland & Ellis, PJT to Study Financing Options (2)

Saks Global Enterprises tapped Kirkland & Ellis, PJT Partners and Bank of America Corp. to help it explore ways to raise new financing alongside the asset-based loan it is pursuing, according to a person with knowledge of the matter.

The advisers will serve to help Saks assess its options for boosting liquidity as economic pressures, including President Donald Trump’s trade policies, weigh on the US retail sector, said the person, who asked not to be identified discussing private business decisions.

Representatives for Kirkland & Ellis and Bank of America didn’t respond to requests for comment, while a spokesperson for ...