US EditionSaks Global Appoints Brandy Richardson as Chief Financial Officer
UNITED STATES, JUL 16 – Brandy Richardson will lead Saks Global's finance through restructuring to address $2.2 billion debt and vendor payment challenges, targeting $600 million cost savings, company said.
- On July 16, 2025, Saks Global announced the appointment of Brandy Richardson as CFO, effective August 18, 2025.
- Following the $2.7 billion acquisition, Saks Global grapples with heavy debt and vendor obligations, prompting Richardson's appointment as CFO.
- Over a 15-year tenure at Neiman Marcus Group, she held finance leadership roles of increasing responsibility, bringing extensive luxury retail experience.
- In a statement, Marc Metrick said, `With her deep background in both luxury retail and finance, Brandy is the right leader to drive Saks Global's financial performance,` and she will partner with Mark Weinsten to ensure a seamless transition.
- Saks Global executives told BMO Capital Markets that they have both significantly accelerated their plans for synergy capture and increased expected annual cost reduction to $600 million, reflecting a strategic shift, said Marc Metrick, reflecting future growth strategies.
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Saks Global Follows Up Neiman Marcus Group Acquisition by Appointing New Dallas-Based CFO
Dallas Innovates, Every Day: Here's what's new + next in North Texas. Brandy Richardson, a longtime executive at Neiman Marcus Group, has been named chief financial officer of Saks Global, effective Aug. 18. She will join the Saks Global Management Team and be based in Dallas. Saks Global, based in New York, is widely described as the world’s largest multi-brand luxury retailer.…The post Saks Global Follows Up Neiman Marcus Group Acquisition by …
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Leaning Left3Leaning Right6Center20Last UpdatedBias Distribution69% Center
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