Amazon, LVMH and Chanel Added to Key Saks Bankruptcy Committee

Amazon.com Inc. and luxury groups including LVMH and Chanel Ltd. will serve on the official committee of unsecured creditors in the bankruptcy of Saks Global Enterprises, positioning them to influence how the retailer restructures.

The 10-member panel also includes a labor union representing Saks store workers, Italian fashion house Ermenegildo Zegna NV, Kering Americas and Brookfield Properties Retail, according to a court filing Tuesday. Saks owes Chanel about $136 million, Kering nearly $60 million and LVMH roughly $26 million, its bankruptcy petitions show.

Amazon has challenged Saks’ Chapter 11 financing after investing $475 million in preferred ...