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Podcast: The Glossy Podcast
Episode: The ripple effects of the Saks Fifth Avenue bankruptcy filing
Description: On the Glossy Podcast, senior fashion reporter Danny Parisi and international reporter Zofia Zwieglinska break down some of the biggest fashion news of the week.
This week, we're talking about the bankruptcy filing of Saks Global, something that many had predicted would happen over the last few weeks as the company's debt load continued to grow. Saks reportedly owes hundreds of millions of dollars to its various vendors, including bigger brands like Chanel and Kering.
The bankruptcy also drew the ire of Amazon, which had invested hundreds of millions into Saks' acquisition of Neiman Marcus...