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How Saks' acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'

Jan 15, 2026 - 21:00
How Saks' acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'
Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.

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