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Saks owes hundreds of millions to luxury brands from Chanel to Burberry

Saks
Business Insider Fews App News Provider
Fews App Post Time Hace 4h

A person enters the Saks Fifth Avenue department store in New York on January 13, 2026. ANGELA WEISS / AFPSaks Global's Chapter 11 filing reveals that it owes hundreds of millions to big-name brands. Major unsecured creditors include Chanel, LVMH and Christian Louboutin, and Burberry.

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