The rapid collapse of Saks Global

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.

You can listen to The rapid collapse of Saks Global online on Radio and Podcast. Open the player on this page to stream the available audio.

The rapid collapse of Saks Global is an episode from Behind The Money with the Financial Times by Topher Forhecz.

This episode is 22:29 long.

This episode was published on Jan 21, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Behind The Money with the Financial Times when more episodes are available from the podcast feed.