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Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT\u2019s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026. <\/p>\n
Clips from ABC, Bloomberg, CNBC, Warner Brothers <\/p>\n
The FT does not use generative AI to voice its podcasts.<\/p>\n
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For further reading:<\/strong><\/p>\n Death of a dream: Saks\u2019 crisis exposes luxury department store woes <\/p>\n Leveraged luxury: fall of Saks Global to scorch US business stars <\/p>\n Saks divisive debt reshuffle shows a retail sector under strain <\/p>\n – – – – – – – – – – – – – – – – – – – – – – – – – – <\/p>\n Follow Sujeet Indap on X (@sindap), or on Bluesky (@sindap.bsky.social). Eric Platt is on X (@EricGPlatt), or on Bluesky (@ericgplatt.ft.com). Michela Tindera is on X (@mtindera07<\/a>) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. <\/p>\n Read a transcript of this episode on FT.com<\/strong><\/p>\n View our accessibility guide.<\/p>\n