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A bankruptcy court has approved a plan for Saks’ discount online arm to liquidate its inventory separately from the luxury parent company. This decision allows the discount division to hire a specialized liquidator to manage the sale of its remaining goods. By decoupling the liquidation process, the discount arm aims to maximize recovery value for its specific assets, distinct from the broader restructuring efforts of Saks Global Enterprises. The move is a key step in winding down the entity while attempting to recoup value for creditors.
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