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
the business and the vendors.
Vendors were concerned about the financial condition of the company, so they were concerned to ship goods.
So if we hadn't gone bankrupt and they didn't ship the goods, the company could have gotten liquidated, which would have been disastrous.
So in order to be careful and protect the business from getting liquidated, we filed for bankruptcy
early enough that there were still assets and inventory and things.
And now the company is getting reorganized by very capable people and is coming out of bankruptcy in the next week and will be around for a long time in a much better financial condition.
Yes.
In this particular case, the goal was to bring Bergdorf, Neiman Sachs, and the Barneys IP together in one company and save huge amounts of expense by instead of having two marketing teams and two IT teams, it was all going to be on one set of systems.
Those synergies are going to save $600 million a year.
That was more than both companies were making in EBITDA.
So that's enough to save those companies.
So I'm very disappointed that the company went bankrupt, but I'm thrilled that we got all the companies together before they fell apart.
I lost a lot of equity going forward that I would have had.
Oh, a lot.
Oh, I probably lost a half a billion dollars.
And then so but I made it, you know, I did the right thing for the I did the right thing for the vendors.
I did the right thing for the employees of the company.
And I'm very satisfied that this will be a strong, high quality company going forward.
And I'll just have to figure out how to make more money doing something else.
well, I'm going to, you know, walk my way back to the bus station and, uh, and, you know, take the Greyhound back to New York after this.
Showing 921–940 of 1,143 · page 47 of 58
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