Global wealth
daily briefs
Curated insights each day from Global Wealth Office.
connecting markets, property, art, and culture across New York, Dubai, Palm Beach, and beyond.
Saks Global and the Quiet Reckoning in Luxury Retail
Saks Global Enterprises, owner of Saks Fifth Avenue and Bergdorf Goodman, has missed a major bond payment as leverage and changing consumer behavior expose vulnerabilities in the luxury retail model.