How a Saks Global Bankruptcy Would Hit Fashion Brands

Lazarow said he knew of one brand that is owed over $3.5 million that would have to file for bankruptcy itself if Saks Global failed and paid vendors something like 5 to 10 cents on the dollar, as bankruptcy experts predict.“It’s unclear whether or not they’re going to be able to make it out the other end” of a bankruptcy filing by the retailer, he said.Attorney Jonathan Lazarow, co-chair of Ambrose, Mills & Lazarow’s Corporate Group, said a lot of fashion’s “bread and butter brands” count Saks Global as th ...