Saks Global Secures $500 Million USD Liquidity Injection to Restock Luxury Shelves

Summary

• Saks Global has unlocked an initial $500 million USD tranche of a $1.75 billion bankruptcy financing package, providing the necessary liquidity to maintain operations across its iconic banners, including Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman

• The cash infusion is primarily earmarked for “go-forward” payments to brand partners, a strategic move aimed at rebuilding vendor trust and accelerating the flow of new seasonal inventory to shelves that have been depleted by recent supply disruptions

• Under the new leadership of CEO Geoffroy van Raemdonck, the retailer is utilizing the Chapter 11 process to restructure its substantial debt load while reassuring luxury partners that all future merchandise receipts will be paid according to standard business terms

Saks Global has successfully unlocked the first $500 million USD of its $1.75 billion USD bankruptcy financing package, providing a critical lifeline just as the retailer faced a total cash depletion. The funding, approved by a Houston bankruptcy judge following the company’s Chapter 11 filing on January 14, 2026, allows the conglomerate to resume “go-forward payments to brand partners,” a vital step in restarting the flow of spring inventory to its storied storefronts.

While Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman have remained operational throughout the insolvency process, the stores have been increasingly hampered by depleted racks as nervous vendors withheld merchandise. The new capital aims to restore confidence among these luxury suppliers. Newly appointed CEO Geoffroy van Raemdonck, who famously led Neiman Marcus through its own restructuring, emphasized the importance of this milestone, “Access to this significant capital is instrumental as we work to strengthen our financial foundation and best position Saks Global for the future.”

The path forward remains delicate. Despite the cash infusion, many brands are wary of the retailer’s standard 90-day payment terms, particularly as they navigate millions in existing unsecured debt. However, van Raemdonck remains the brand’s chief optimist, stating that the restructuring process offers a chance to build a “more resilient company, primed for lasting financial and operational stability.” With the primary goal of emerging from bankruptcy by the end of 2026, Saks Global is betting that its $500 million US “down payment” on the future will be enough to lure the fashion world back to its aisles.