Saks Global CEO Resigns Amid Bankruptcy Concerns
TL;DR Summary
Saks Global's CEO Marc Metrick has resigned amid reports of impending bankruptcy, with Richard Baker appointed as his successor, as the luxury retailer faces financial struggles following a merger with Neiman Marcus and shifting consumer preferences in the luxury market.
- Luxury retailer Saks Global CEO Marc Metrick steps down as bankruptcy looms Reuters
- Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt The New York Times
- Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy The Guardian
- US' second-oldest department store chain considers Chapter 11 Yahoo Finance
- Saks Global announces new CEO as it reportedly prepares for bankruptcy CNBC
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