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Social Currency with Sammi Cohen Podcast
Why Saks Is In Trouble — and How PE Is To Blame

Why Saks Is In Trouble — and How PE Is To Blame

Social Currency with Sammi Cohen vor 1 Jahr

0:00

16:35

Today Sammi digs into the retail scandal that ties together private
equity, power plays, broken promises, and a $2.65 billion luxury
merger that's now unraveling in public. Also known as: the story of
Saks. Sammi follows the money trail to the center of
Saks’ downfall: the mastermind behind the merger that would lead to
the financial and reputational mess the brand is in now. This isn't
a story about just one department store. It's a case study in how
private equity can gut a brand, how debt can disguise dysfunction,
and how small businesses are often the ones that are left holding
the bag. Today Sammi Covers: 00:00 How Saks Got Here 00:33 Richard
Baker: the Mastermind 01:30 The Saks and Neiman Marcus Merger 02:00
Richard Baker's Wild Real Estate Strategy 04:31 Saks' Financial
Decline 08:01 Vendor Fallout 10:13 What’s Next For Saks 12:50 How
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