Saks possibly heading for Chapter 11… what happens to the credit?

Just saw that Saks is reportedly considering Chapter 11 as a last resort. Kinda wild news, especially with the Amex Platinum Saks credit tied to them.


Makes me wonder what happens to that perk if things actually go south. Personally I wouldn’t mind seeing Bloomingdale’s take their place if it ever came to that.


Curious how others are thinking about this.

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