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(318)

What we can learn from 300-year-old bubbles

What we can learn from 300-year-old bubbles

Welcome back to a new year with Behind the Money! We’re starting off by paying a visit to the New York Public Library to take a peek into the past. Some 300 years ago parts of Europe were in the middl...

4 Jan 202320min

Martin Wolf on the economy in 2023

Martin Wolf on the economy in 2023

It’s our last episode of the year, so that means we’re looking ahead to 2023 with the help of the FT’s chief economics commentator Martin Wolf. He sat down with Michela to discuss some of 2022’s bigge...

14 Des 202220min

Credit Suisse's last chance

Credit Suisse's last chance

At one time, Credit Suisse was considered to be among the most respected banks in Europe. The FT’s European banking correspondent Owen Walker explains how the Swiss bank is trying to make a comeback a...

7 Des 202220min

Best Of: Why VC funding is drying up

Best Of: Why VC funding is drying up

This week, we revisit one of our favourite episodes. After years of mega-deals and mega-money gushing into start-ups, venture capital fundraising hit a record-high last year. Now, the FT’s Richard Wat...

30 Nov 202217min

Qatar’s $200bn bet on the World Cup

Qatar’s $200bn bet on the World Cup

Qatar is in the spotlight as the host of this year’s World Cup — and the small, oil-rich nation has had to confront a lengthy human rights record with the world watching. The FT’s Gulf correspondent S...

23 Nov 202217min

What FTX’s collapse means for crypto

What FTX’s collapse means for crypto

The crypto exchange FTX was supposed to be among the “credible” players operating in digital finance. But its swift descent into bankruptcy shocked the financial industry. The FT’s asset management co...

16 Nov 202219min

Introducing Tech Tonic, Season 5: Climate tech to save the planet

Introducing Tech Tonic, Season 5: Climate tech to save the planet

Tech Tonic is back with a new season about climate tech.As more people fly, aviation is on track to becoming a much bigger problem for climate change. Host Pilita Clark, FT columnist and climate journ...

10 Nov 202225min

How Russia loots grain from Ukraine

How Russia loots grain from Ukraine

Russia’s invasion of Ukraine earlier this year triggered a global food crisis. Recently, FT correspondents Polina Ivanova, Chris Cook and Laura Pitel found out how Russia aims to profit from this. Iva...

9 Nov 202216min

Populært innen Business og økonomi

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