Saks
Saks Global’s Reemergence: Wholesale, Consignment and Concessions
The retailer is due to exit bankruptcy with a business that's still led by wholesale, but also includes a…
Former CEO Richard Baker Objects to Saks Global’s Plan of Reorganization
Baker is looking to maintain indemnification rights secured under his separation agreement with the retailer.
Saks Global Leans in Toward Bankruptcy Exit
An updated plan of reorganization detailed the company's new board, a key litigation trust and more.
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Court Approves Saks Global’s Settlement With Simon Property
Simon moved to terminate the leases at two stores right before the company filed for bankruptcy, setting up…
EXCLUSIVE: Saks Fifth Avenue Downsizing in Greenwich, Conn.
Years ago, in an unorthodox real estate maneuver, the luxury retailer established the Saks Shops at…
Saks Global Creditors Drop Demand for Info as Baker, Putnam Provide Docs
Former executives Richard Baker and Ian Putnam both provided documents last month to the creditors committee…
Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims
The trust was the key amendment to the company's bankruptcy disclosure statement, which the court approved on…
Bankruptcy Court Approves Saks Global’s $500M Exit Financing Package
The approval helps set the company up for life after Chapter 11.
Richard Baker Moves to Quash Subpoena From Saks Global Creditors
The former CEO argued in a court filing that the retailer is better placed to provide most of the information…
HBC Committee Join Creditors in Seeking Info From Former Saks Global CEO Richard Baker
A committee of HBC GP's board said that, like creditors, it has also been unable to get the full cooperation…
Saks Global Creditors Demand Former CEO Richard Baker Turn Over Documents
The Rule 2004 filing by the creditors committee has a long list of information required, including…
Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet
The company is laying the groundwork to negotiate a step-by-step plan to wrap up the bankruptcy process.
Walmart Cuts Two Fulfillment Sites, Impacting 200 Jobs
As closures in Illinois and Massachusetts reflect Walmart's shift toward larger tech-enabled DCs, Saks Global…
Saks Global Secures $500M in Financing, Expects to Exit Bankruptcy This Summer
The luxury retailer is progressing through its court-supervised restructuring and positioning to reemerge…
How Saks Global’s Business Started to Wake Up in Bankruptcy
The retailer began to come back to life as DIP funding and court supervision gave vendors more confidence in…