The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The luxury retailer said in July that it would be acquired by Hudson's, the Canadian parent of retailer Lord & Taylor, for about $2.24 billion.
Saks said Monday that Stephen Sadove, its chairman and CEO, and Ronald Frasch, its president and chief merchant, will be leaving the company when the deal is done.
The deal still needs approval by Saks shareholders, but is expected to close before the end of 2013.
Sadove joined the management team of Saks as Vice Chairman in 2002 and worked his way up, becoming CEO in 2006 and chairman a year later. Frasch joined the company in 2004 and was named president and chief merchandising officer in 2007.
The New York-based retailer's stock was unchanged at midday at $15.88.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.