Saks CEO steps down as company struggles to pay down debt
Saks Global said on Friday that its CEO had stepped down after the beleaguered luxury department store group missed a loan payment and as it weighed filing for bankruptcy protection.
Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt
Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.
Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt
Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.
Saks CEO steps down as luxury retailer struggles under heavy debt load
Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately.
Saks Global CEO steps down amid reports luxury company preparing to file for bankruptcy
"After nearly three decades with Saks, I will be stepping down as chief executive officer," Marc Metrick said in a statement.
Saks Global announces new CEO as it reportedly prepares for bankruptcy
The company was created in July 2024 after Hudson's Bay Co. acquired Neiman Marcus.
Saks Global announces new CEO as it reportedly prepares for bankruptcy
The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.
last updated on 3 Jan 06:02