Business

Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

January 2, 2026

Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.

Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

Key Highlights

Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.

Appointments and Executive Changes Shopping and Retail Bankruptcies Credit and Debt Luxury Goods and Services Fashion and Apparel Bergdorf Goodman Saks Fifth Avenue Neiman Marcus Group Metrick, Marc J Baker, Richard A Beverly Hills (Calif)

Sources

Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

Key Highlights

Sources

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