Saks Global Secures $500 Million USD To Exit Bankruptcy This Summer

SummarySaks Global has entered into a Restructuring Support Agreement, securing a $500 million USD exit financing commitment from senior secured bondholdersFollowing its January 2026 Chapter 11 filing, the company anticipates filing a Plan of Reorganization shortly, with expectations to officially exit bankruptcy this summerThe luxury retailer is reporting significant operational stabilization, including over 650 brand partners resuming merchandise shipments and double-digit year-over-year incre...