CFOs Take Center Stage at Global Fashion Summit
Saks
Saks Global Creditors Drop Demand for Info as Baker, Putnam Provide Docs
Former executives Richard Baker and Ian Putnam both provided documents last month to the creditors committee…
Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims
The trust was the key amendment to the company's bankruptcy disclosure statement, which the court approved on…
Bankruptcy Court Approves Saks Global’s $500M Exit Financing Package
The approval helps set the company up for life after Chapter 11.
Richard Baker Moves to Quash Subpoena From Saks Global Creditors
The former CEO argued in a court filing that the retailer is better placed to provide most of the information…
HBC Committee Join Creditors in Seeking Info From Former Saks Global CEO Richard Baker
A committee of HBC GP's board said that, like creditors, it has also been unable to get the full cooperation…
Saks Global Creditors Demand Former CEO Richard Baker Turn Over Documents
The Rule 2004 filing by the creditors committee has a long list of information required, including…
Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet
The company is laying the groundwork to negotiate a step-by-step plan to wrap up the bankruptcy process.
Walmart Cuts Two Fulfillment Sites, Impacting 200 Jobs
As closures in Illinois and Massachusetts reflect Walmart's shift toward larger tech-enabled DCs, Saks Global…
Saks Global Secures $500M in Financing, Expects to Exit Bankruptcy This Summer
The luxury retailer is progressing through its court-supervised restructuring and positioning to reemerge…
How Saks Global’s Business Started to Wake Up in Bankruptcy
The retailer began to come back to life as DIP funding and court supervision gave vendors more confidence in…
Saks Global’s Expensive Journey Through Bankruptcy
The retailer has found out the hard way how expensive it is to go broke.
Beauty Brands Waiting for Spring at Saks Global
With access to new funding, the path ahead for the luxury giant beauty business is starting to become…
Who Was Saks Global Paying Before the Bankruptcy?
The luxury retailer paid out $1.4 billion to creditors in the three months before succumbing to Chapter 11 in…
Saks Global CEO Pay, Past and Present
Current CEO Geoffroy van Raemdonck received an $8.5 million sign-on payment when he stepped in to stabilize…
Leaders of the Four Global Fashion Organizations Urge Saks Global CEO to Support Payments to Emerging and Young Designers During Restructuring
They have sent a letter to CEO Geoffroy van Raemdonck stressing that the ongoing strength of the fashion…