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Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy
Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt
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cnbc.com
Saks Group reportedly preparing to file bankruptcy after missing debt payment
The parent of high-end department store chain Saks Fifth Avenue failed to make an interest payment of over $100 million due on Tuesday, WSJ reported.
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Saks Global announces new CEO as it reportedly prepares for bankruptcy
The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.
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theguardian.com
Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy
Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt