February 27, 2026
Willkie partner Debra Sinclair has been quoted in media outlets in connection with her representation of Saks Global Holdings LLC in its chapter 11 restructuring and a related $1.75 billion financing package. The case commenced in the U.S. Bankruptcy Court for the Southern District of Texas on January 13.
On February 20, Saks Global won final court approval for more than $1.2 billion in chapter 11 debtor-in-possession financing after striking a deal with the Unsecured Creditors Committee.
Debra presented the DIP financing to the bankruptcy court during the hearing, and her comments were subsequently featured in Women’s Wear Daily, CoStar News and Inc.
“As of today, we have more than 100 brands that have either executed or are coming close to executing trade agreements with the company,” Debra told the court. “Our brand partners … are at the heart of our business and we’re generating great momentum with them.”
Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences.
The Willkie team is led by partners Gregory Astrachan, Matthew Feldman, Debra Sinclair, Robin Spigel and Charlotta Chung.
