The rapid collapse of Saks Global

萨克斯全球的迅速崩溃

Behind the Money

2026-01-21

22 分钟
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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’s 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.  Clips from ABC, Bloomberg, CNBC, Warner Brothers   The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Death of a dream: Saks’ crisis exposes luxury department store woes  Leveraged luxury: fall of Saks Global to scorch US business stars  Saks divisive debt reshuffle shows a retail sector under strain  - - - - - - - - - - - - - - - - - - - - - - - - - -  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) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Excuse me.

  • I'm a reporter for the Financial Times.

  • It's a Wednesday afternoon in Midtown Manhattan.

  • I'm standing outside the entrance to the luxury department store Saks Fifth Avenue.

  • And I'm looking to talk to some shoppers.

  • I'm working on a podcast about Saks Fifth Avenue.

  • Were you just inside the store?

  • Yes.

  • The flagship Saks store on Fifth Avenue is massive.

  • It actually stretches across the whole block.

  • And inside are all kinds of luxury brands.

  • Chanel, Dior, Fendi, you name it.

  • And it's been there for decades.

  • Inside everything looks fancy and wealthy.

  • It's just like a bright spot where you look at, you will find something attractive to the eyes.

  • I talked to several people leaving the store.

  • some longtime shoppers.

  • Actually, I grew up in Tulsa, Oklahoma,

  • and Saks was like the one nice store if you needed a nice pair of jeans.

  • It was the only thing there where you could go and get like sevens or, you know, nice skin care.