Saks Global bankruptcy filing: Saks Fifth Avenue and Neiman Marcus seek Chapter 11 with $1.75 billion lifeline
Saks Global filed for Chapter 11 bankruptcy protection in Texas late on Tuesday, seeking to keep its Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus businesses running while it restructures under court supervision. The company said it had secured a $1.75 billion financing package to support operations through the process. https://www.reuters.com/business/retail-consumer/saks-global-files-bankruptcy-after-neiman-marcus-takeover-leads-financial-2026-01-14/