News Brief: Saks Global Leadership Change Amid Financial Strain
Summary
Saks Global has appointed its Executive Chairman, Richard Baker, as the new CEO, replacing longtime executive Marc Metrick. This leadership change occurs as the luxury retailer, formed by the merger of Saks Fifth Avenue and Neiman Marcus, reportedly prepares to file for bankruptcy protection after missing a debt payment.
Key Points
- New Leadership: Richard Baker, the Executive Chairman and a key figure in the Neiman Marcus acquisition, is now also the CEO.
- Executive Departure: Marc Metrick, a Saks executive for nearly 30 years, has left the company “to pursue new opportunities.”
- Financial Distress: According to reports, Saks Global is on the verge of filing for bankruptcy after missing a payment related to its 2024 acquisition of Neiman Marcus.
- Company Background: Saks Global was created in 2024 when Saks’ parent company bought Neiman Marcus for $2.65 billion to compete better in the luxury market.
- Recent Measures: The company has taken steps to raise cash, including selling a flagship store and restructuring debt in August 2025.
新闻简报：萨克斯环球领导层变动，财务压力加剧
总结
萨克斯环球已任命其执行董事长理查德·贝克为新任首席执行官，取代了长期任职的高管马克·梅特里克。此次领导层变动之际，有报道称这家由萨克斯第五大道和尼曼马库斯合并而成的奢侈品零售商在错过一笔债务支付后，正准备申请破产保护。
关键点
- 新领导层：执行董事长理查德·贝克，也是收购尼曼马库斯的关键人物，现已同时担任首席执行官。
- 高管离职：为萨克斯工作近30年的高管马克·梅特里克已离职，”以寻求新的机会”。
- 财务困境：据报道，萨克斯环球在错过与2024年收购尼曼马库斯相关的一笔付款后，濒临申请破产。
- 公司背景：萨克斯环球成立于2024年，当时萨克斯的母公司以26.5亿美元收购了尼曼马库斯，旨在更好地在奢侈品市场竞争。
- 近期措施：公司已采取举措筹集现金，包括出售旗舰店以及在2025年8月进行债务重组。
Original Article Link: https://www.cnbc.com/2026/01/02/saks-global-new-ceo-richard-baker-bankruptcy-reports.html