The rapid collapse of Saks Global

The rapid collapse of Saks Global

Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT’s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026.


Clips from ABC, Bloomberg, CNBC, Warner Brothers


The FT does not use generative AI to voice its podcasts.


- - - - - - - - - - - - - - - - - - - - - - - - - -


For further reading:

Death of a dream: Saks’ crisis exposes luxury department store woes

Leveraged luxury: fall of Saks Global to scorch US business stars

Saks divisive debt reshuffle shows a retail sector under strain


- - - - - - - - - - - - - - - - - - - - - - - - - -


Follow Sujeet Indap on X (@sindap), or on Bluesky (@sindap.bsky.social). Eric Platt is on X (@EricGPlatt), or on Bluesky (@ericgplatt.ft.com). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Episoder(319)

How the AI boom is reviving Three Mile Island

How the AI boom is reviving Three Mile Island

Tech companies such as Google, Amazon and Microsoft need loads of electricity to power their artificial intelligence goals, and they are looking into all options, including nuclear power, to achieve t...

18 Des 202424min

What Trump’s presidency means for banking

What Trump’s presidency means for banking

This week, Michela joins live from the FT’s Global Banking Summit in London. She sits down with three reporters and editors to analyse how the banking industry will shape up during Donald Trump’s seco...

11 Des 202423min

Why Northvolt failed to become Europe’s battery champion

Why Northvolt failed to become Europe’s battery champion

Not long ago, the Swedish battery maker Northvolt was seen as Europe's best hope for staying competitive with other global players during the green transition. Investors flocked to it, and it even bec...

4 Des 202428min

Best of: Berkshire after Warren Buffett

Best of: Berkshire after Warren Buffett

This week, we’re going back to Omaha, Nebraska. Behind the Money and the FT’s senior corporate finance correspondent travelled there this spring to attend Berkshire Hathaway’s annual shareholder meeti...

27 Nov 202422min

China’s economy braces for Trump

China’s economy braces for Trump

Lately, China’s economy has been in the doldrums, with the risk of a “deflationary spiral” lurking. Plus, toss in the election of Donald Trump in the US — and reaching the economic goals President Xi ...

20 Nov 202416min

Wall Street, tech and energy during Trump’s second term

Wall Street, tech and energy during Trump’s second term

Who will corporate America's winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump adminis...

13 Nov 202421min

Private equity’s experiment with worker ownership

Private equity’s experiment with worker ownership

Private equity earned a reputation as a ruthless and lucrative business. But over the past few years, large groups have been doing something that seems like the opposite of their cutthroat image: givi...

6 Nov 202416min

US election betting is on a roll

US election betting is on a roll

On November 5, voters in the US will head to the polls to decide who should be the next president: Donald Trump or Kamala Harris. But over the past several months, people from around the world have be...

30 Okt 202420min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
utbytte
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
rss-sunn-okonomi
rss-markedspuls-2
lederpodden
liberal-halvtime
rss-pa-konto
rss-investering-gjort-enkelt