What in the World Is Really Going on With Saks Fifth Avenue?

Lauren quizzes living legend Bill Cohan, author of Puck’s Dry Powder email, about Saks Global’s mounting debt, and what might happen to Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman if the company were forced to file for Chapter 11 bankruptcy protection. They also discuss why retail is such a tough business, why Bernard Arnault is so successful, and why he might want to take control of Bergdorf Goodman. Plus, Bill shares some great Paris recs.