[co-author: Dakota Pearce]
On Tuesday, January 13, 2026, Saks Global Enterprises LLC and Luxury Outlets USA, LLC, along with approximately 113 corporate affiliates, filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the Southern District of Texas – only 13 months after acquiring the Neiman Marcus Group for approximately $2.7 billion. Through the bankruptcy filing, the debtors are seeking court approval of a $1 billion DIP financing facility to provide operating liquidity during the restructuring. A bankruptcy sale of the debtors’ assets is not currently contemplated.
With more than twenty of our attorneys well-versed in the issues posed by retail bankruptcies, Buchalter is well positioned to assist clients with any issues that might arise in the Saks bankruptcy. Our attorneys can protect the interests of any of our clients on their outstanding claims – including priority claims for product delivered in the 20 days leading up to the bankruptcy case. Buchalter attorneys can also address questions about post-bankruptcy shipments, and to the extent applicable, assist with negotiations for treatment as a “critical vendor” and/or can advise clients on the assumption and possible assignment of their executory contracts through the bankruptcy proceeding.
