Saks Global
William D. Cohan
•
May 21, 2025
Saks Pistols
The strife continues at Saks Global as the luxury retailer faces a $121 million interest payment due next month and a possible $100 million-plus shortfall in August. Meanwhile, executives have questions about the art and jewelry that Saks claims accounts for nearly a third of its $689 million of inventory—and which the company is desperately trying to sell.
The Arnaults Go to Washington
The LVMH royal family’s courtship of Trump at the inauguration, once mocked, now looks wisely proactive, with Bernard and Alexandre returning to meet with the president in the Oval Office. Were they lobbying for a luxury carve-out on looming 20 percent tariffs?
William D. Cohan
•
May 14, 2025
Life Saks
Pretty much everything that could go wrong at Saks Global has gone wrong. Now, two firms best known for advising on restructurings have been engaged amid growing doubts about the company’s future.
William D. Cohan
•
May 4, 2025
No Saks in the Champagne Room
Since Saks acquired Neiman Marcus Group for $2.7 billion, Wall Street has been trying to figure out why the deal got done in the first place. A deep dive into the 400-page bond prospectus reveals some very creative accounting, including my new fave: “Pro Forma Run-Rate Adjusted EBITDA.”
Is Saks Too Big to Fail?
Wall Street is getting nervous that the company can’t repay its creditors. Vendors are worried about outstanding invoices. And the tariff pain hasn’t even hit yet. Can Saks Global turn things around with “synergies” and an Amazon store? And what happens if it can’t?
Lauren Sherman & Rachel Strugatz
•
April 28, 2025
More Saks Global Fallout & The “Boy Smells 2.0” Scandalette
A punchy analysis of the Saks Global debt debacle, the beauty industry’s micro-drama du jour, the Met Gala sponsors left out in the cold, and more.
Lauren Sherman
•
April 28, 2025
Barneys in the Bardo
The late, great New York department store lives on—well, sort of, and in name only, really, inside a few Saks stores, a gated community in Tulum, and a 2010s zombieland in Tokyo. Efforts to resurrect the brand have sputtered and failed, and maybe for good reason, but that hasn’t stopped people from trying.
William D. Cohan
•
April 27, 2025
The Saks Debt Scaries
A close look at whether Saks Global, several months after acquiring Neiman Marcus Group for $2.7 billion, can make its initial $120 million-ish interest payment to bondholders at the end of June.
The Mytheresa-YNAP Shake-Up & Frankel’s Vera Wang Boomerang
A roundup of fashion industry intel: Notes on the frenzied (and surprisingly overlooked) C-suite reorg at LuxExperience, the rise of Danielle Frankel’s bridal dress empire, the departure of J.Crew’s longtime top merchant, and more.