February 06, 2026
Bankruptcy judges this week are set to consider granting approval of billions of dollars in Chapter 11 financing to support Saks, a request by FAT Brands investors to suspend the company's CEO, and bidding procedures for an asset sale by urgent care clinic operator Carbon Health.
January 30, 2026
A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but not until Monday at the earliest.
January 29, 2026
Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11.
January 28, 2026
The U.S. Trustee's Office announced a 10-member creditor's committee including Amazon in the bankruptcy of luxury department store chain Saks Fifth Avenue and proposed an organizational meeting to take place Thursday.
January 26, 2026
Nursing home operator Genesis Healthcare secured approval of a $1 billion asset sale, Roomba-maker iRobot received confirmation of its bankruptcy plan, and Saks got the go-ahead to begin liquidating online inventory.
January 26, 2026
Saks Global Enterprises LLC, the parent company of luxury department store chain Saks Fifth Avenue, entered Chapter 11 less than two weeks ago, but its road to insolvency stretches back more than a year.
January 23, 2026
A Texas bankruptcy judge gave one of Saks' online affiliates permission to get the ball rolling on an inventory liquidation after the retailer said a quick sale is needed to meet its lenders' terms for allowing it to use cash collateral.
January 21, 2026
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
January 20, 2026
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
January 16, 2026
The parent company of luxury department store chain Saks Fifth Avenue has hired attorneys from Willkie Farr & Gallagher LLP and Haynes Boone to see it through the bankruptcy it began with $3.4 billion in funded debt.