Saks Global said on Friday that its chief executive, Marc Metrick, had stepped down after the luxury retailer missed a loan payment and as it weighed filing for bankruptcy protection. Richard Baker, the company’s executive chairman, has assumed the role of chief executive, according to a company statement. Mr.

Marc Metrick has stepped down as chief executive of Saks Global, the company said, after the luxury retailer missed an interest payment and is weighing bankruptcy protection. Richard Baker, the executive chairman who created Saks Global through the 2024 acquisition of Neiman Marcus and Bergdorf Goodman, has assumed the chief