Saks Global CEO Marc Metrick Steps Down After Missed Debt Payment
Lead Marc Metrick, who led Saks Fifth Avenue since 2015 and became chief executive of the combined Saks Global group, stepped down on Jan. 2, 2026, after the company missed an interest payment and began weighing its options, including bankruptcy. Richard Baker, the executive chairman who orchestrated the 2024 acquisition of Neiman Marcus Group, has … Read more