How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'

Thread starter Retail
Start date Jan 15, 2026

Retail

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Jan 15, 2026

Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.

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Title: How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'

Prefix: N/A

Forum: Retail News

Start date: Jan 15, 2026

Last reply date: Jan 15, 2026

Replies: 0

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Created: Retail, Jan 15, 2026

Replies: 0

Views: 5

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