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Saks Global Enterprises LLC

  1. January 21, 2026

    Catching Up With New Bankruptcy Case Action

    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.

  2. January 20, 2026

    Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed

    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.

  3. January 16, 2026

    Meet The Attys Taking Saks From 5th Ave. To Ch. 11

    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.

  4. January 15, 2026

    Saks Has Ch. 11 Exit Funds, But Exit Door Appears Elusive

    The company behind luxury retailer Saks Fifth Avenue may now have cash for its short-term needs in bankruptcy, but its long-term plans are still a mystery, with exit financing in hand but no exit strategy, experts told Law360.

  5. January 14, 2026

    Saks Sheds Dark Store Leases To Save Cash, Shrink Footprint

    When the parent company of luxury department store chain Saks Fifth Avenue filed for bankruptcy protection Wednesday, it also moved immediately to reject 26 leases for stores that have already closed, setting the debtor on a path to a smaller footprint, freeing up cash and potentially heading off a protracted showdown with the affected landlords, experts told Law360.

  6. January 14, 2026

    Retailer Saks Global Hits Ch. 11 With Over $3B Debt

    The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection Wednesday in a Texas bankruptcy court with $3.4 billion in funded debt, buckling under the strain of debt it used to fund its purchase of Neiman Marcus more than a year ago.