Abstract
Saks’ filing is the latest and largest in a string of bankruptcies by luxury retailers that have left the industry reeling and forced some small brands to shut down.
The luxury retailer said it has secured $1.75 billion in financing, with $1.5 billion from a group of senior secured bondholders and approximately $240 million in incremental liquidity from asset-based lenders.
Stores and e-commerce for all Saks Global properties will remain open, while Saks expects to receive approval to make go-forward payments to vendors and continue employee payroll and benefits.
The luxury retailer said it has secured $1.75 billion in financing, with $1.5 billion from a group of senior secured bondholders and approximately $240 million in incremental liquidity from asset-based lenders.
Stores and e-commerce for all Saks Global properties will remain open, while Saks expects to receive approval to make go-forward payments to vendors and continue employee payroll and benefits.
| Original language | American English |
|---|---|
| Publisher | The Newscasters' Studio |
| Media of output | Online |
| Size | 00:24:10 |
| State | Published - Jan 17 2026 |
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