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0 -0.000433569597345794 0.00119702910571563 -0.000904840898808694 -0.00180968179761722 -0.00184738350173433 -0.000904840898808694 -0.000937829889911015
Stock impact report

Saks Fifth Avenue Owner Files For Bankruptcy Protection: Here's What To Know [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
than a year after a deal brought together Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus within the same company. The company announced it filed for bankruptcy protection but noted that its stores would remain open for now. Saks Global finalized a $1.75 billion financing package and appointed a new CEO, it announced on Wednesday, according to Reuters . Geoffroy van Raemdonck, the former CEO of Neiman Marcus, will replace Richard Baker. NBC News reported that the company also appointed Darcy Penick and Lana Todorovich, two former executives at Neiman Marcus who will serve as chief commercial officer and chief of global brand partnerships at Saks Global, , respectively. “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” van Raemdonck said in a statement, according to CNN . “In close partnership with these newly appointed leaders and our colleagues acro Show less Read more
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