Saks Global Receives Final Approval on Bankruptcy Funding

Saks Global took a big step forward in its bankruptcy case on Friday when a federal judge gave the final sign-off on the debtor-in-possession financing meant to see it through the Chapter 11 process and back to solvency. The “first-day hearing” last month was a dramatic affair, with Amazon trying to hold up the financing over a commercial agreement that it said was backed by the retailer’s famed Fifth Avenue flagship. Amazon invested $475 million into Saks when it bought Neiman Marcus Group in late 2024, ...