When Saks Fifth Avenue put out feelers to sell off pieces of BergdorfGoodman, I took it as a very bad sign.
Bergdorf is the crown jewel in that portfolio. Anytime you see a corporation pawning off its winners to fund its losers, they're in very, very deep trouble.
When Saks Fifth Avenue put out feelers to sell off pieces of BergdorfGoodman, I took it as a very bad sign.
Bergdorf is the crown jewel in that portfolio. Anytime you see a corporation pawning off its winners to fund its losers, they're in very, very deep trouble.