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Unsecured Creditors

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LIV Golf pivots to Chapter 11 as players head toward a rebuilt, player-owned league
business1 month ago

LIV Golf pivots to Chapter 11 as players head toward a rebuilt, player-owned league

LIV Golf filed for Chapter 11 in New Jersey, listing Jon Rahm as the largest unsecured creditor at about $7.5 million and Bryson DeChambeau at about $5.8 million, with Dustin Johnson, Cameron Smith and Adrian Meronk among the top creditors; the filing marks the end of LIV's first incarnation and the league is eyeing a restructured, player-owned model funded during the bankruptcy by the Saudi Public Investment Fund (about $49.6 million) subject to court approval.

via The Washington Post|
#bankruptcy#bryson-dechambeau#business
Saks Global Enters Chapter 11 as Major Creditors Surface
business9 months ago

Saks Global Enters Chapter 11 as Major Creditors Surface

Saks Global filed for Chapter 11 in Texas, revealing assets and debts between $1 billion and $10 billion and more than 10,000 creditors. Christian Louboutin is listed as the 13th-largest unsecured creditor owed $21.6 million, while Capri Holdings (Jimmy Choo/Michael Kors) is owed $33.3 million; Chanel and Kering are also noted creditors. The company secured about $1.75 billion in financing to operate through restructuring and has reorganized leadership, underscoring the fragile state of luxury retail as foot traffic trends weaken and top brands and vendors loom large in the path to a recovery.

via WWD|
#business#capri-holdings#christian-louboutin-debt