Dramatic Looks Were Trending at Golden Globes 2025: Ali Wong in Balenciaga, Melissa McCarthy in Christian Siriano and More DressesLike finally getting paid and working with a recapitalized, stabler combined company with potentially different buying objectives and terms. And getting acquainted with new managers assigned to new roles to run theoperations. A management structure that breaks the industry mold was unveiled in late December when Saks said it finalized its deal to buy Neiman’s.
Saks Global executives have issued assurances that vendors will get paid, but there’s no clear timetable yet. In his memo to his team on Dec. 23, a copy of which was obtained by WWD, Baker wrote: “I’m pleased to share that with the closing of the transaction, Saks Global has greater financial stability with less leverage and a newly funded revolving line of credit, providing significant levels of available liquidity.
To lead Saks and Neiman’s, a single management structure has been established with new leaders and senior positions and titles the industry hasn’t seen before, and fewer traditional roles, like no chief merchants. Saks andwill be managed by one team, whereas Bergdorf Goodman will be managed separately, according to Metrick. Tracy Margolies, who was chief merchandising officer for Saks, has been appointed president of Bergdorf Goodman.
Emily Essner, forrmerly chief marketing officer at Saks, has been promoted to a new role — president and chief commercial officer — in which she will oversee the merchandising, marketing, commercial analytics and e-commerce operations for Saks and Neiman Marcus.
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