Here’s a money lesson from the world of high-end shopping: Saks Global tried to become the king of luxury malls by merging with Neiman Marcus, but the plan fizzled and now they’re bankrupt. Amazon even dropped $475 million to get in on the action, but that investment just went up in smoke. The big takeaway? Even the fanciest brands can trip up if they borrow too much and don’t keep up with how people shop. If you’re a Saks or Neiman Marcus shopper, your stores and gift cards are safe for now—but behind the scenes, it’s a scramble. #Business #EntrepreneurshipStartup #SaksGlobal