Saks Global said Friday, January 2, 2026, that CEO Marc Metrick has stepped down, after nearly three decades with Saks. As reports circulate that the luxury retailer may be preparing for bankruptcy, the company named Executive Chairman Richard Baker as his successor. “This transition reflects Mr. Metrick’s desire to pursue new opportunities,” said the department-store chain.
Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and…
Saks CEO Marc Metrick steps down amid reports of possible bankruptcy
I