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

By Rick Archer and Alex Wittenberg · January 14, 2026, 10:27 AM EST

The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection Wednesday in a Texas bankruptcy court, declaring $3.4 billion in funded debt....

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Bankruptcy Scorecard

Summary

The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection in a Texas bankruptcy court, declaring $3.4 billion in funded debt.

Case Number

4:26-bk-90103

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$3.4 billion

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