Tristan Richards+FollowAmazon’s Luxury Gamble: Saks Goes BustHere’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 #SaksGlobal00Share
Kim Reeves+FollowWhy Saks Global's Drama Could Hit Your ClosetHeads up, luxury shoppers: Saks Global (the parent of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman) is teetering on the edge of bankruptcy. The big drama? Vendors are refusing to send new spring styles until the money mess is sorted, so those dreamy new arrivals might not make it to the racks. If you’re eyeing a splurge, you might want to grab it now—before store shelves start looking bare! #Business #EntrepreneurshipStartup #SaksGlobal00Share
fnixon+FollowSaks Drama: Why Your Favorite Brands Might VanishHeard the Saks bankruptcy buzz? If Saks Global goes under, it’s not just the big names like Chanel or Louis Vuitton feeling the pinch—smaller designers could be left unpaid and struggling to keep the lights on. Some brands are already pulling their goods from stores, and others are stuck deciding whether to ship new collections or cut their losses. If you love discovering new labels, keep an eye on your favorite department store—things could look very different soon! #Business #EntrepreneurshipStartup #SaksGlobal10Share
