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Richard Baker

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business1 day ago•31 min saved

Saks CEO Steps Down as Luxury Retailer Heads toward Chapter 11

Richard Baker is exiting Saks Global Enterprises as the retailer prepares to restructure under bankruptcy protection and nears a Chapter 11 filing; Geoffroy van Raemdonck is expected to be named the new CEO, as Saks weighs mounting losses and a heavy debt load across its Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus operations.

via Bloomberg.com|

#bankruptcy #business #chapter-11

business12 days ago•2 min saved

Saks Global Faces Bankruptcy Amid Leadership Changes

Saks Global announced that Richard Baker, the company's Executive Chairman, has become the new CEO, succeeding Marc Metrick who is stepping down after nearly three decades to pursue new opportunities. Baker will continue as Executive Chairman and focus on advancing Saks' transformation and luxury market growth.

via PR Newswire|

#business #ceo-transition #luxury-retail