Saks Global CEO Resigns Amid Bankruptcy Preparations
TL;DR
Saks Global's CEO, Marc Metrick, has stepped down amid reports that the luxury retailer is preparing for bankruptcy, following challenges in the luxury department store sector and a failed merger with Neiman Marcus, with Richard Baker appointed as the new CEO.
- Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy The Guardian
- Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt The New York Times
- Shuffle Board: Metrick Exits Saks, Lululemon Founder Wants New Board Yahoo Finance
- Saks Global announces new CEO as it reportedly prepares for bankruptcy CNBC
- Exclusive | Saks Prepares for Bankruptcy After Missing Debt Payment The Wall Street Journal
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