Willkie Farr & Gallagher LLP
01/14/2026 | News release | Distributed by Public on 01/14/2026 15:43
Willkie Represents Saks Global in Chapter 11 Restructuring
Willkie Represents Saks Global in Chapter 11 Restructuring
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January 14, 2026
Willkie is representing Saks Global Holdings LLC, a leading luxury retail company, in its chapter 11 restructuring and a related $1.75 billion financing package.
On January 14, Saks Global announced that it commenced voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas with support from its key financial stakeholders. In connection with the chapter 11 filing, Saks Global secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company's senior secured bondholders and approximately $240 million of incremental liquidity from the company's asset-based lenders.
Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences.
The Willkie team is led by partners Gregory Astrachan, Matthew Feldman, Debra Sinclair, Robin Spigel and Charlotta Chung.
Gregory B. Astrachan Partner Corporate & Financial Services
New York [email protected] +1 212 728 8608
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Willkie Farr & Gallagher LLP published this content on January 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 14, 2026 at 21:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]