2 ms·
Saks Global files for bankruptcy after takeover leads to financial collapse
- TinyBig 10mo agoWhen Saks Fifth Avenue put out feelers to sell off pieces of BergdorfGoodman, I took it as a very bad sign. Bergdorf is the crown jewel in that portfolio. Anytime you see a corporation pawning off its winners to fund its losers, they're in very, very deep trouble.
- toomuchtodo 10mo agoRelated: Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless’ - https://www.bloomberg.com/news/articles/2026-01-15/amazon-blasts-saks-funding-deal-says-its-equity-is-worthless https://www.bloomberg.com/news/articles/2026-01-15/amazon-bl... | https://archive.today/agU9h https://archive.today/agU9h