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Ackman’s Unforced Errors & Saks’ Debt Spiral

The Powers That Be: Daily

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The Financial Quagmire of Saks: Analyzing Debt Restructuring

This chapter explores the financial challenges faced by Saks following its merger with Neiman Marcus, focusing on the implications of high-yield bonds and debt restructuring. The urgency of Saks' situation is emphasized as it approaches the crucial holiday shopping season, highlighting the concerns of bondholders and management.

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