In this episode, LRM examines the unraveling of Saks Global—the entity formed by Hudson’s Bay Company’s $2.65B acquisition of Neiman Marcus and merger with Saks Fifth Avenue.


This episode analyzes:

  • The financial engineering behind the “fantasy merger”
  • The controversial real estate strategy associated with Richard Baker
  • The structural decline of the traditional department store model
  • The widening divide between aspirational and top-tier luxury consumers
  • A strategic roadmap for CEO Geoffroy van Raemdonck grounded in human-centered leadership and organizational alignment

At stake is more than a bankruptcy restructuring. The question is whether Saks Global can evolve from a real estate vehicle into a true luxury curator in the era of Luxury 4.0.

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