Can Saks Global Be Fixed?

The key to that, he stressed, will be getting merchandise. Van Raemdonck said payments going forward will depend on when goods are shipped. Products shipped after Jan. 13 are known as “post petition” obligations that receive priority payment status. “Going forward, we will pay vendors in the ordinary course of business for authorized goods and services rendered on a ‘post-petition’ basis,” he wrote.Even as Saks Global filed for Chapter 11, van Raemdonck was hard at work trying to convince brands to stick wi ...