Why bond trading reflected distress

Lauren is joined by financial whiz Bill Cohan, author of Puck’s Dry Powder, to discuss the situation at Saks Global, the department store group that is expected to file for Chapter 11 bankruptcy imminently. They discuss how the owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman got here, and where the business is going in 2026, considering the implications for individual brands and the fashion industry at large.

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