Saks Global Nears $1.75 Billion Funding Deal to Sustain Operations Through Bankruptcy

New York, Tuesday, 13 January 2026.
Facing imminent Chapter 11, Saks Global is finalizing a critical $1.75 billion financing package to keep its iconic storefronts open. This massive liquidity injection aims to stabilize the luxury conglomerate as it navigates a complex restructuring and significant leadership transition following its debt-laden merger.