Richard Baker & Saks Fifth Avenue
3 shared events · Importance 3 · Last updated Jan 15, 2026
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Richard Baker, a former owner and executive of entities that controlled Saks Fifth Avenue, no longer holds a direct executive or board position with Exemplar Luxury Group, the current parent company of Saks Fifth Avenue, following its 2026 bankruptcy and restructuring.
Business
Richard Baker: Richard Baker stepped down as CEO of VFS Global just before the bankruptcy filing, having overseen the merger that contributed to the company's debt issues.
Saks Fifth Avenue: Saks Fifth Avenue is a brand owned by VFS Global, which has filed for bankruptcy. Its stores are expected to remain open during the Chapter 11 process.
Jan 14, 2026 · 7 articles
Business
Richard Baker: Richard Baker has taken over as CEO of VFS Global, succeeding Marc Metrick, and is tasked with navigating the company through its financial challenges and potential bankruptcy.
Saks Fifth Avenue: Saks Fifth Avenue is an off-price chain owned by VFS Global, whose overall sales have declined, contributing to the parent company's financial struggles.
Jan 02, 2026 · 6 articles
Business
Richard Baker: Richard Baker assumed control of VFS Global after Marc Metrick stepped down, and was then replaced by Geoffroy van Raemdonck this week.
Saks Fifth Avenue: Saks Fifth Avenue is a discount store chain operated by VFS Global, and its stores will remain open during the bankruptcy restructuring.
Jan 14, 2026 · 6 articles
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