Saks Global Secures Court Approval for Creditor Vote Plan
Saks Global received court approval to proceed with creditor voting on its reorganisation plan as it aims to exit Chapter 11 bankruptcy this summer. The company has secured support from key stakeholders and outlined a five-year financial roadmap targeting $9 billion in gross merchandise value and double-digit adjusted EBITDA margins by FY30.
Topics: bankruptcy creditor voting luxury goods retail