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Saks Global CEO Marc Metrick Steps Down as Luxury Retailer Faces Bankruptcy Talks

Leadership transition comes amid missed debt payments, slowing luxury demand, and mounting pressure following the Neiman Marcus acquisition Saks Global CEO Marc

January 3, 2026
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China's measures to reinforce the yuan in the face China's measures to reinforce the yuan in the face of economic turmoil differed from prior interventions. #China#Yuan#PeoplesBankofChina Read Full Story at https://ceotimesmag.com/business/china-adopts-new-strategies-to-stabilize-yuan-amid-challenges/
McDonald's Malaysia Takes Legal Action Against BDS McDonald's Malaysia Takes Legal Action Against BDS Movement McDonald's Malaysia has filed a legal complaint against the BDS Malaysia movement. #McDonald's#BDSMalaysia#Israel Read Full Article At https://ceotimesmag.com/business/mcdonalds-malaysia-takes-legal-action-against-bds-movement/
New year, new work wardrobe. With 2024 right arou New year, new work wardrobe. With 2024 right around the corner, it might be time to spruce up your office uniform. And at work, quiet luxury can be a code that separates tiers of taste and success, stylists say. Yes, it's expensive. It's all about looking nice at work in luxurious clothes from top-tier labels, while remaining unflashy about it. Which is why picking the right items is even more important. Tap the link 🔗in bio☝️.
Mimetic architecture took off in the 1920s, and th Mimetic architecture took off in the 1920s, and the subsequent "roadside attraction" era saw hundreds or even thousands of buildings across the US built in the shape of coffee pots, cameras, ice cream cones and the like aiming to lure motorists. Visitors to Orlando may have passed the hemispheric Orange World on a strip of motels and trinket shops near the entrance to Disney World. The structures serve up tons of free advertising, but they can be a burden for owners and renters. Read more through the link 🔗in our bio. #ceo #magazine #entrepreneur #millionaire #billionaire
KPMG partners in Dubai raised concerns about the c KPMG partners in Dubai raised concerns about the cost and transparency of a $1.5mn review by lawyers at Freshfields that followed allegations of misconduct. The review was announced in July 2022 after the FT reported allegations of nepotism by KPMG's then-boss in the United Arab Emirates, Nader Haffar whose tenure had been extended by five years after a snap vote with no opponents. Freshfields also advised on a fresh leadership election as part of the mandate. The revelations create further scrutiny of KPMG's global boss Bill Thomas, who was criticised by staff last year for failing to act more decisively on reports of poor governance in the Lower Gulf business. Tap the link🔗 in our bio to read more. #ceo #magazine #entrepreneur #millionaire #billionaire
A month ago, Jess Phillips had her dream job. As A month ago, Jess Phillips had her dream job. As shadow minister for domestic abuse, she was responsible for an issue she has campaigned about for more than 20 years. She could have been on the brink of going into government and able to deliver change. Then she quit to vote in the House of Commons against Sir Keir Starmer's stance on Gaza and in favour of a ceasefire. "It's been a tug of war emotionally," she admits. "It is sad but I don't think that it lessens my influence in this space of violence against women and girls. There is no way I'm going to stop. If anything, l'm able to do more of it." Phillips, 42, has never been interested in status. The past few weeks may have been a political rollercoaster, but the MP for Birmingham Yardley has not lost her sense of humour or her deep throaty laugh. Click the link 🔗in bio to read the full interview #ceo #magazine #entrepreneur #millionaire #billionaire
What's the biggest lesson you've learned this year What's the biggest lesson you've learned this year? Head to the link 🔗in bio if you want to take your learning to the next level in 2024. #ceo #magazine #entrepreneur #millionaire #billionaire
"I first heard the name George Santos in 2019 when "I first heard the name George Santos in 2019 when my editor assigned me a routine writeup about a new congressional candidate," writes Mark Chiusano. "At the time, I was doing one and often more pieces a day for Newsday's newsletter about New York politics, and I was glad to have what seemed like a quick hit." But the call was strange, Chiusano says. Santos seemed vague on some policies, but he spoke defiantly about his personal story-a first-generation American (Santos' phrase) and work in private equity for his whole career (which Chiusano eventually learned was wrong). Eventually, though, Santos started hiding from Chiusano. By his second campaign in 2022, he skipped an endorsement interview, and once hustled away when he saw Chiusano in the men's room before a Newsday debate. So began Chiusano's effort to get inside George Santos's head in what would eventually become his book, The Fabulist, which is out today. "I found plenty of people who were happy to chat, including over 100 individuals who knew him, from friends and family to former teachers and dates. I spoke to people he scammed and people who just remembered him as a pretty fun guy. I learned about his jokes and his routines, and how expensive a wine bottle he'd order ($200, one person said). These helped fill out his profile even without a personal interview-and even if he had chatted, how would I have trusted him not to lie?" At the link 🔗 in bio☝️, find out what Chiusano learned from investigating Santos-and how the chase continued even after his book was complete. #ceo #magazine #entrepreneur #millionaire #billionaire
Elon Musk’s Grok has been doing at least one thi Elon Musk’s Grok has been doing at least one thing right while other players in the field has yet to figure out: summarizing the news in real time. On this episode of the Elon, Inc. podcast, we discuss how Musk’s Al chatbot excels where some rivals lag. Listen at the link 🔗in bio for the full episode or wherever you get your podcasts. #ceo #magazine #entrepreneur #millionaire #billionaire
• Founded in Chicago more than a century ago as • Founded in Chicago more than a century ago as a fellowship of civic-minded professionals, Rotary has been fading in popularity for decades in the US. But in India people are clamoring to join: Membership in the country has more than doubled since 2005, to approximately 164,000. In the Us It's fallen 29% over the same period, to 272,000. • Rotarians command a certain respect in India, says Pavithra Venkatagopalan, who runs a medical diagnostics company and is part of a club in Chennai that strives for diversity in its members' vocations. Many of them run small to medium enterprises, offering them more flexibility to engage in Rotary activities. • These characteristics hearken back to Rotary's US origins as a network of "almost aristocratic" social clubs, says Jeff Charles, an emeritus professor of history at California State University at San Marcos and author of Service Clubs in American Society: Rotary, Kiwanis, and Lions. Paul Harris, a Chicago lawyer, created Rotary as a way to foster local connections, assembling a flock of Illinois businessmen in 1905. That model spread to other major cities, then to rural areas and later internationally, with meetings often held over lunch in hotels, churches and public buildings. • Tap the link 🔗in our bio for more. #ceo #magazine #entrepreneur #millionaire #billionaire
On the days when you question why you're doing thi On the days when you question why you're doing this, keep this advice in mind. @trinnywoodall may not have thought about giving up, but that 100th rejection email when raising money for @trinnylondon will make any founder pause. But email 101 was a closed door, and so she kept going. Her advice is to do the same, you never know when opportunity will present itself. #ceo #magazine #entrepreneur #millionaire #billionaire
Apple is getting ready for a busy 2024 — with a Apple is getting ready for a busy 2024 — with a bit of a twist. While the iPhone has been the center of the company's product strategy for more than 15 years, the coming year will put the focus on... everything else. The iPhone will still get an upgrade next year, of course, but there won't be major changes. Instead, the company's wearables business — including the upcoming Vision Pro, AirPods and Apple Watch — will take the limelight. Read in full, for free, at the link 🔗in our bio. #ceo #magazine #entrepreneur #millionaire #billionaire #apple #iphone
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