Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately. The company has been grappling with debt and increasing competition from different luxury players. Richard Baker, Executive Chairman of Saks Global, will take the CEO title.
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Saks Global CEO steps down amid reports luxury company preparing to file for bankruptcy“After nearly three decades with Saks, I will be stepping down as chief executive officer,” Marc Metrick said in a statement.
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Saks CEO steps down as luxury retailer struggles under heavy debt loadSaks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately
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