Suppliers seek safeguards over consignment stock in Saks DIP talks – report

Saks, its suppliers and debtor-in-possession (DIP) lenders are negotiating whether consigned luxury goods can be treated as collateral under the retailer’s $1.75bn bankruptcy financing. Vendors have sought assurances that lenders would not assert rights over concession or consignment inventory, or related cash proceeds, sources told Reuters. According to the news agency’s report, all sides were hoping to reach an agreement before a 17 February 2026 court deadline to object to the loan, though some issue ...