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Saks Global is the American division of the Canadian holding company Hudson's Bay Company, founded in July 2024. It is also the successor to the Neiman Marcus Group , which was acquired by HBC in December 2024.
Current HBC Properties and Investments CEO Ian Putnam will become CEO of Saks Global’s property and investments business. Both of them will report to Baker, who becomes the executive chairman of ...
Saks, Inc. was an American holding company founded in 1998 through the merger of Proffitts, Inc. and Saks Fifth Avenue. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of numerous regional department store chains including Carson's, McRae's, Parisian, and Proffitt's as well as the New York City-based Saks Fifth Avenue.
In November 2012, HBC was publicly listed on the Toronto Stock Exchange, [22] [23] at which time Baker assumed the role of interim CEO until the appointment of Helena Foulkes as CEO in 2018. [ 24 ] In 2013, Baker led the acquisition by Hudson Bay Company of Saks Fifth Avenue and Saks Off 5th [ 25 ] through the $2.9 billion purchase of its ...
Saks & Co. Indianapolis, 1906. Andrew Saks was born to a German Jewish family, in Baltimore, Maryland.He worked as a peddler and paper boy before moving to Washington, D.C., where at the age of only 20, and in the still-chaotic and tough economic times of 1867, two years after the United States prevailed in the American Civil War, he established a men's clothing store [12] with his brother ...
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth ...
From 1975 to 1991, he worked for General Foods. [2] [4] [7] He was president of Clairol from 1991 to 1995, where he was responsible for Worldwide Clairol's performance in Canada, Europe, the Middle East, Africa and Latin America.
He is the Founder and CEO of Storch Advisors, a global business and management advisory firm. [1] He is frequently on television as discussing retail and consumer news, including appearing on CNBC, Bloomberg, and Fox Business. Prior to Storch Advisors, he was CEO of HBC, the parent of Saks Fifth Avenue and Hudson's Bay Company.