How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'
- Posted on January 15, 2026
- By CNBC
- 2 Views
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.
