Houston Principal John Sparacino was quoted in Retail Dive's article "Saks Global is Stuck." The article discusses the state of Saks Global after purchasing Neiman Marcus Group in 2024 including $4.7 million in debt, vendor relationships, and widespread departures. John comments on the company's goal to reduce their debt by $600 million saying, "Maybe you have cost synergies five years from now, but the consolidation requires more spending — it’s a significant combining of systems that might come with considerable costs in and of themselves."
The full article can be found here.