Saks Global Enterprises LLC secured $500 million exit financing from senior secured bondholders under a Restructuring Support Agreement.
CEO Geoffroy van Raemdonck said the company expects to emerge from Chapter 11 bankruptcy this summer with a right‑sized capital structure.
Since filing, over 650 brands resumed shipments, generating $1.5 billion in retail receipts, over 90% of Q1 FY2026 inventory.
March inventory receipts rose 18% YoY, customer spend per visit up 6%, online conversion up 11%, and full‑price selling improved.