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

Source: CNBC Business | Published: January 15, 2026, 12:00 pm | Read Original

Strong Bearish -100.0

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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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.

CNBC Business • Jan 15, 2026 • Found on Glideslope.ai

Post hash: 575gsda • glideslope.ai/post/575gsda

Sentiment

Strong Bearish • Score: -100.0

-100 (Bearish) +100 (Bullish)

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