• Saks Global won bankruptcy court clearance for its disclosure statement, setting up creditor voting on its amended Plan of Reorganization and targeting emergence this summer.
• The plan has backing from capital partners and the unsecured creditors’ committee under an agreed framework that resolves outstanding issues.
• Saks Global forecast nearly $700 million of liquidity at emergence.
• Capital partners committed $500 million of exit financing under a restructuring support agreement.
• The business plan targets $9 billion of gross merchandise value by FY30, with double-digit adjusted EBITDA.

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