Luxury shopping just got a plot twist: Saks Fifth Avenue’s parent company is in bankruptcy, and they owe millions to shoe icons like Christian Louboutin and Jimmy Choo. If you’re a fan of high-end brands, expect some shake-ups—smaller labels may disappear from shelves, and those dreamy shoe sales could get rare. The drama? Saks borrowed big to buy Neiman Marcus, and now everyone’s waiting to see if new leadership can save your favorite luxury shopping spots. #Business #EntrepreneurshipStartup #SaksFifthAvenue