Saks Global has secured an additional $300 million in funding, completing its $1.75 billion pre-emergence financing package following approval of its five-year business plan by key bondholders. The liquidity boost will support operations and accelerate transformation across its three banners — Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman — as the group targets double-digit adjusted EBITDA margins. Since January, Saks Global has resumed shipments from nearly 600 brands, streamlined its off-price segment to 12 locations, and consolidated supply chain operations. The company plans to file its reorganization plan imminently and targets market emergence later this year.

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