Fashionably Fitfat

📰 Must Read: The Risks and Benefits of Selling to Saks, SoulCycle Aims to Open Standalone Stores ✨ Fashion Insights & Trends: Photo: Jeremy Moeller/GC Images These are the stories making headlines in fashion on Friday. The risks and benefits of selling to Saks Gary Wassner, CEO of Hilldun Corp, a factoring company that helps smooth out cash flow for brands, spoke with WWD about his insights on Saks Global's new payment terms, its plans to pay past-due bills and the integration of Neiman Marcus and Bergdorf Goodman. Hilldun factors "well over" 120 brands that sell to Saks Fifth Avenue, with another 15 to 20 brands that sell to Neiman's and many brands selling to both companies. Wassner is the one signing off on orders and paying brands up front and fielding queries from vendors. Wassner works closely with Saks to ship the merchandise the company needs the most while simultaneously accommodating Hilldun's clients. Other factors have walked away from...