Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Category: Bankruptcies
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business: -
Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud
Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.
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Saks Fifth Avenue Bankruptcy Revives Debate Over the Future of Department Stores
Saks Fifth Avenue’s bankruptcy filing has revived debates about how these once celebrated shopping emporiums can regain their luster.