<p>Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the company purchased Neiman Marcus and Bergdorf Goodman in a debt-fuelled takeover. The FT’s Wall Street editor Sujeet Indap and the US investment editor Eric Platt walk through how that acquisition played a role in the bankruptcy and whether more highly leveraged companies will seek bankruptcy protection in 2026.&nbsp;</p><br><p>Clips from ABC, Bloomberg, CNBC, Warner Brothers&nbsp;&nbsp;</p><br><p>The FT does not use generative AI to voice its podcasts.</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p><strong>For further reading:</strong></p><p><a href="https://www.ft.com/content/9d997311-fbc3-4f7a-a362-cc18db92f735" rel="noopener noreferrer" target="_blank">Death of a dream: Saks’ crisis exposes luxury department store woes</a>&nbsp;</p><p><a href="https://www.ft.com/content/a8ce5c1a-b6ca-47e4-817a-209dc260d04e" rel="noopener noreferrer" target="_blank">Leveraged luxury: fall of Saks Global to scorch US business stars</a>&nbsp;</p><p><a href="https://www.ft.com/content/468c8cc4-0c17-4ef3-925a-9e3883994a84" rel="noopener noreferrer" target="_blank">Saks divisive debt reshuffle shows a retail sector under strain</a>&nbsp;</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p>Follow Sujeet Indap on X (<a href="https://x.com/sindap" rel="noopener noreferrer" target="_blank">@sindap</a>), or on Bluesky (<a href="https://bsky.app/profile/sindap.bsky.social" rel="noopener noreferrer" target="_blank">@sindap.bsky.social</a>). Eric Platt is on X (<a href="https://x.com/ericgplatt" rel="noopener noreferrer" target="_blank">@EricGPlatt</a>), or on Bluesky (<a href="https://bsky.app/profile/ericgplatt.ft.com" rel="noopener noreferrer" target="_blank">@ericgplatt.ft.com</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.&nbsp;</p><br><p><a href="https://www.ft.com/content/d8c069c4-1a17-4a92-b243-e6990f078ca2" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>