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Article CNBC Business

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

CNBC Business January 15, 2026 · 12:00 pm Read Original
Strong Bearish -100.0
−100 Bearish 0 +100 Bullish
How Saks's 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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Article Info
Source CNBC Business
Published Jan 15, 2026 · 12:00 pm
Article ID 575gsda
Original URL Open source
Sentiment Signal
Strong Bearish -100.0
−100Neutral+100
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