How Saks’s acquisition of Neiman Marcus plunged the company into bankruptcy: ‘Recipe for disaster’
An entrance to the Saks Fifth Avenue flagship store in New York on Jan. 14, 2026, after the company filed for bankruptcy protection. Brendan Mcdermid | Reuters For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities […]










