Chanel and Gucci owner tops creditor list as bankruptcy tests trade credit exposure
Saks Global Bankruptcy: Chanel and Kering Top Creditor List Amid Trade Credit Risks On January 13, 2026, luxury retail group Saks Global—owner of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus—filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The filing comes just months after a debt-fueled … Read more