Bankruptcy Court, Citing Saks Global’s Merchandising Woes, Approves $500M in Exit Financing

The Saks Global Lenders in Line to Potentially Own the Retailer After Bankruptcy

A recent court filing updated the membership and holdings of the ad hoc group of lenders that gave the company a lifeline to get through bankruptcy.

Saks, QVC, and other big retail names are navigating bankruptcy in 2026

Saks Global's bankruptcy filing shows how much the retail giant owes to some of the biggest luxury brands.Scott Olson/Getty ImagesBusiness bankruptcies have been on the rise in recent years, and the retail sector hasn't been immune.Storied brands like Saks and Eddie Bauer are using the protections to look for a new path forward.Here are some notable cases so far in 2026.Some legendary retail brands have filed for bankruptcy in the early months o…

Bankruptcy court, citing Saks Global’s merchandising woes, approves $500M in exit financing

Judge Alfredo Pérez on Friday approved the plan, paving the way for the luxury retailer to start fresh with vendors — and customers.