Chanel, Kering, and LVMH owed about $225 million by bankrupt Saks
By Bloomberg Published January 14, 2026 Saks Global Enterprises’ delayed payments to luxury brands played a key role in accelerating the retailer’s decline and pushing it into bankruptcy. Brands pulled back on shipments or cancelled orders during the past year or so, leaving Saks’ stores looking less than luxurious. Now, court documents from its Chapter […]






