With the close of the Saks-Neiman Marcus transaction, Geoffroy van Raemdonck, along with certain members of the Neiman Marcus leadership team, will be...
With the close of the transaction, Geoffroy van Raemdonck, along with certain members of the Neiman Marcus leadership team, will be departing the company, Saks Global announced on Monday. Von Raemdonck has been chief executive since 2018.“This group of executives has been instrumental in establishing NMG’s strong position in luxury,” the company said in a statement. “Other NMG leaders will be staying on as we work to ensure each brand continues to deliver a seamless experience for customers.
“This milestone transaction marks a transformative moment for Saks Global and the luxury retail industry,” said Richard Baker, executive chairman of Saks Global, said in a statement. “With data and innovation at our core and a portfolio of prime real estate, we aim to redefine the luxury shopping experience.”of local leadership for the storied Neiman Marcus department store chain, a brand that helped bring luxury retail to Dallas, and cement North Texas as a hub for high-end shopping.
Marc Metrick will serve as CEO of Saks Global Operating Group, and Ian Putnam will serve as CEO of Saks Global Properties & Investments. Both will report to Baker.Container Store files for bankruptcy as challenges mount, insists on business ‘as usual’ The North Texas business insists it’s “here to stay” and will keep operating as it looks for new financing.Brian is a business reporter specializing in retail for the Dallas Morning News. He earlier covered technology for the Dallas Business Journal after working at other news providers in California, Ohio and Idaho. He now resides in Frisco.
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