Saks Global Names New CEO Amid Bankruptcy Concerns
Update: 2026-01-02
Description
Saks Global Appoints New CEO Amid Bankruptcy ConcernsSaks Global, the parent company of Saks Fifth Avenue, has appointed Richard Baker as its new CEO, while he retains his role as executive chairman. This move comes after the company missed a debt payment and is reportedly preparing for bankruptcy. Marc Metrick, a long-time Saks veteran, is stepping down. Baker, with his real estate expertise, aims to strengthen the companys luxury market position. Checkout Solipillow.com
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