Saks Global prepares for bankruptcy after missing debt payment, WSJ reports ByReuters PublishedJanuary 2, 2026Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter. Saks Global did not immediately respond to a Reuters request for comment. Over the past year, ‌the company was looking to sell a minority stake ‌in luxury retailer to help reduce debt, a Saks Global spokesperson told Reuters in September. In August 2025, Saks Global completed a debt restructuring that included about $600 million in new money and ‌an exchange ⁠of its $2.2 ​billion senior secured notes. Company created the ⁠firm in ​July last year following its $2.65 billion acquisition of department store chain Neiman Marcus.

Source: Wall Street Journal January 02, 2026 10:40 UTC