After denials, 158-year-old retailer may file Chapter 11
thestreet.com••business
Key Points:
- Saks Global Enterprises is reportedly considering a Chapter 11 bankruptcy filing due to financial distress, particularly facing a more than $100 million debt payment due at the end of December 2025, despite the company's denial of such plans.
- Data from Creditsafe indicates Saks has consistently paid its suppliers nearly a month late over the past year, signaling sustained cash flow issues and potential strain on vendor relationships and supply chain resilience.
- Saks Global has raised $600 million in financing this summer and claims to have sufficient liquidity, emphasizing ongoing efforts to reduce outstanding payments and improve performance, especially through the holiday season and into 2026.
- Major news outlets report that Saks is exploring multiple options to shore up liquidity, including emergency financing, asset sales, and potential debtor
.png)
