Leadership transition comes amid missed debt payments, slowing luxury demand, and mounting pressure following the Neiman Marcus acquisition Saks Global CEO Marc Metrick has stepped down from his role as the luxury retail group navigates mounting financial challenges and reports that it is preparing to file for bankruptcy protection. The company confirmed on Friday that Metrick will be succeeded by executive chairman Richard Baker, who will assume operational leadership at a critical moment for the retailer. Metrick’s departure follows reports that Saks Global is in discussions with its creditors after missing a $100 million debt payment to bondholders earlier this … Continue reading Saks Global CEO Marc Metrick Steps Down as Luxury Retailer Faces Bankruptcy Talks