Grab your coffee—Saks Fifth Avenue just dropped a bombshell: they owe over $700 million to big names like Chanel, Gucci, and Burberry. With Saks filing for bankruptcy, those brands might not see their money anytime soon. Smaller designers who rely on Saks for nearly half their sales could be hit the hardest. Even Google and Meta are on the unpaid list! The takeaway? Even the fanciest stores can have cash flow drama—so always keep an eye on where your favorite brands are selling. #Business #EntrepreneurshipStartup #SaksFifthAvenue