The Unraveling of Saks Fifth Avenue
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The Unraveling of Saks Fifth Avenue
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Summary
This episode is all about the luxury Saks Fifth Avenue department store and the recent chapter 11 bankruptcy filing. I break down how Saks Global went from Manhattan icon to bankruptcy court in record time, drowning in junk bonds, unpaid vendor bills, and a 'death spiral' of empty shelves and what a stripped-down, restructured future looks like for high-end retail. Enjoy and thank you for listening!
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