Story perspectives

Creditors Unite to Restructure Saks’ $3.4 Billion Debt

1/30/2026

Summary

Story summary

A creditors committee formed in Saks' Chapter 11 case includes Amazon.com, Inc., Chanel S.A., and Louis Vuitton Moet Hennessy (LVMH) that will guide restructuring of Saks' $3.4 billion debt after the January 13 filing.
Amazon.com, Inc., which invested $475 million in Saks, has warned mismanagement and the proposed financing plan could jeopardize its investment.
The committee represents diverse interests, from luxury brands to labor unions, as they navigate Saks' recovery.

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Story summary

A creditors committee formed in Saks' Chapter 11 case includes Amazon.com, Inc., Chanel S.A., and Louis Vuitton Moet Hennessy (LVMH) that will guide restructuring of Saks' $3.4 billion debt after the January 13 filing.
Amazon.com, Inc., which invested $475 million in Saks, has warned mismanagement and the proposed financing plan could jeopardize its investment.
The committee represents diverse interests, from luxury brands to labor unions, as they navigate Saks' recovery.