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Saks Files Chapter 11

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Saks Files Chapter 11

B
Benzinga

53 Views • Jan 14, 2026

Description

Saks Global filed for Chapter 11 protection after running out of cash, securing new financing and installing a new CEO as it seeks to restructure debt and pursue a potential sale.

Keywords & Tags

#cnbc #consumer spending #US Retail #retail industry #bankruptcy #Chapter 11 #private equity #store closures #Neiman Marcus #Saks Global #corporate debt #business turnaround #creditor financing #luxury retail #retail restructuring

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