Saks Global secures additional $300m from bankruptcy financing package

Saks Global has accessed an extra $300m from its $1.75bn bankruptcy financing package following bondholder approval of its five-year plan. The luxury retailer, which entered Chapter 11 bankruptcy protection in January 2026, said the latest funding tranche completes its “pre-emergence financing package”, ensuring adequate liquidity to sustain operations and ongoing restructuring. The company had earlier stated that the financing was needed to rebuild vendor relationships and allow time to renegotiate its ...