Just read about it on Neiman
Marcus su-ks on Facebook . Think what was said was spot on
Here's why it is doomed.. Saks isn't even the same company it was a few years ago.Its 4 different companies propped up by private equity..
It isn't performing well like Neiman and also hides it's financial results .Both aren't doing well. Think Sears Kmart type merger. Plus interest rates to complete the sale which would be at a low sale price wouldn't satisfy the 3 owners it was dumped on in bankruptcy. Geoffrey just wants more cash . Nothing new here .Plus the banks will take millions in consulting fees..Plus they overlap bad in a few markets especially with Bergdorf. Dead on arrival folks