Richard Baker
speaker
1,143 appearances
2 recordings
2 series
first heard May 2026
last heard 7 Jul
Richard Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
So now I go back to my father and we had two partners, fantastic partners, Bill Mack and Lee Neibart.
We went, I went back to my three partners and said, we need $25 million in cash to buy this $1.2 billion business.
And my father was like, Oh, we don't do that.
You know, we use our brains.
We don't use our cash.
We pile up our liquidity.
We don't use our liquidity to invest in deals.
And I said, well, this is a pretty unbelievable situation.
You can control $1.2 billion with $25 million.
So very grudgingly, my father agreed and I had just made some money on a refinancing.
So I put that money into the deal.
My father put some money in bill and Mack and Lee and I bar put some money in, and now we owned Lord and Taylor for $1.2 billion.
And the idea was to immediately break it up into pieces and sell off the pieces and make a, make a profit.
Yes.
Basically, we were going to sell a package of stores to Walmart, a package of stores to JCPenney's, a package of stores to Target, close it down and be done.
That was the business plan.
But on the way to the closing, a strange thing happened.
Macy's had decided to rebrand all the stores on the East Coast.
Macy's, if you recall.
And they were Filene's department store.
Showing 281–300 of 1,143 · page 15 of 58
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