💥Saks of Sh...💥
A Saks Global Enterprises LLC Update + Ascend Elements Inc. files for bankruptcy in Texas
In January ‘26, Saks Global Enterprises, LLC (“SGE”) and 112 affiliates (collectively, with SGE, the “debtors” and together with their non-debtor affiliates, the “company”) filed freefall chapter 11 cases in the Southern District of Texas (Judge Perez). We covered the hotly-contested first-day hearing featuring objecting-party Amazon…