Saks Global Restores Vendor Shipments After Bankruptcy

Saks Global regains vendor momentum after securing access to $825 million of $1.75 billion in committed financing and negotiating shipping agreements. Since mid-January, more than 380 brands have resumed shipping, releasing about $1.2 billion in retail receipts (75% of planned Q1 receipts), as the company seeks court approval of a new business plan and works to stabilize inventory and sales.