All articles tagged with #saks
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.
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.
Sydney Sweeney is launching a lingerie label backed by Ben Schwerin of Coatue, and her presence at a recent Bezos-Sánchez event was linked to her new fashion venture, highlighting her transition from actress to designer amidst ongoing Saks debt issues.