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Social Currency with Sammi Cohen Podcast
When Luxury Goes Broke: The Saks Bankruptcy

When Luxury Goes Broke: The Saks Bankruptcy

Social Currency with Sammi Cohen vor 9 Monaten

0:00

14:30

Today, Sammi breaks down the unraveling of Saks Fifth Avenue — a
luxury icon that survived wars, recessions, and cultural shifts,
but couldn’t survive its own merger math. Through stalled vendor
payments, junk-bond debt, leadership shake-ups, and a failed $2.7B
Neiman Marcus merger, Saks entered Chapter 11 bankruptcy and set
off a ripple effect far beyond Fifth Avenue. This isn’t a
“department stores are dying” story — it’s a case study in how
private equity, financial engineering, and legacy retail models
collide. And why the belief that Saks was “too iconic to fail”
turned out to be so wrong. Follow Sammi on Instagram
Subscribe to the Social Currency newsletter Here’s what Sammi
covers today: 00:00 The Saks & Neiman Marcus Merger and Its
Fallout 03:31 Vendor Relationships and Financial Strain
06:45 Leadership Changes and Real Estate Moves 10:16 Lessons
from Saks' Downfall 11:33 Breaking News: Saks Files for
Bankruptcy 12:48 How to Show Social Currency Some Love
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