Chanel and Gucci owner tops creditor list as bankruptcy tests trade credit exposure

Reuters reported that Chanel and Gucci proprietor Kering are the 2 largest unsecured collectors, with claims of about $136 million and $60 million respectively, based mostly on courtroom filings. Saks World owes about $3.4 billion to collectors, whereas the highest 30 unsecured creditor claims complete $712 million, the chapter filings present. Saks World additionally estimated it has between 10,001 and 25,000 collectors.