Marc Metrick, former Saks Global CEO, joins BRG as a managing director

Marc Metrick, the former chief executive of Saks Global, has joined BRG Corporate Finance in New York as a managing director. He will work with the practice's retail and consumer brand clients on turnarounds, restructurings, performance improvement and transactions, drawing on more than thirty years inside Saks Fifth Avenue and its parent companies.

Tri MacDonald, BRG's principal executive officer and president, said the hire reinforces the firm's focus on bringing in operational experts with deep industry experience. Bob Duffy, managing director and head of BRG's corporate finance practice, called Metrick an incredible addition, citing his operating experience at the highest levels of the industry.

Metrick stepped down as Saks Global chief executive in early January, as the retailer went cash strapped and fell behind on payments owed to vendors. The strain traced largely to Saks Global's $2.7 billion acquisition of Neiman Marcus Group in December 2024, a deal Metrick had played a pivotal role in orchestrating.

He subsequently led efforts to integrate and consolidate the operations of Neiman Marcus and Saks Fifth Avenue under one roof, work that continued after his departure. Saks Global emerged from bankruptcy in late June 2026 as a new company, with a cleaner balance sheet and new owners, the Exemplar Luxury Group.

A career built inside one retailer

Metrick's history runs almost entirely through Saks Fifth Avenue, which we cover on our page for the brand, and its former parent, Hudson's Bay Company. He began as an executive trainee and rose to chief strategy officer, then chief executive and president of Saks Fifth Avenue, before taking the top job at Saks Global.

He joined Hudson's Bay Company in 2012 as chief marketing officer, overseeing marketing and digital commerce for Hudson's Bay and Lord & Taylor, both then owned by HBC. He later served as HBC's chief administrative officer and was instrumental in HBC's 2013 acquisition of Saks for $2.9 billion.

Earlier in his tenure, Metrick separated Saks Fifth Avenue's stores and e-commerce operations into distinct companies, a move that raised money for the Saks brand. The two businesses were later recombined, seasons afterward, reversing a structure Metrick himself had helped put in place.

The move to BRG follows separate legal exposure from the bankruptcy. Metrick has faced a Rule 2004 request in Saks Global's bankruptcy proceedings, a mechanism that lets creditors compel testimony and documents, even as he took on his advisory role at BRG's New York office.

Before the bankruptcy filing, Metrick had sought to reassure bondholders, telling them the company held $350 million to $400 million of liquidity. That reassurance came during the period of strain that ultimately preceded his January departure and the company's eventual restructuring.

What has happened to Saks since

Saks Global has continued to face pressure on multiple fronts since Metrick's exit. We reported that Bloomingdale's posted record second-quarter sales volume as parent Macy's Inc. took market share from Saks, a sign of the competitive ground the retailer has lost during its restructuring.

Separately, we covered a proposed class action alleging Saks.com kept sending promotional text messages before 8am to a plaintiff whose number has sat on the national Do-Not-Call list since 2014. Both episodes have unfolded under the ownership that took over after Metrick's departure and the June bankruptcy exit.

BRG's corporate finance practice specialises in advising companies through financial distress, from performance improvement to full-scale restructurings and transactions. Metrick's arrival gives the firm a former chief executive with direct experience of the kind of luxury retail turnaround its clients typically seek help navigating.

His appointment continues a pattern of senior retail and luxury executives moving into advisory roles after leadership changes, echoing recent moves such as Gianfilippo Testa's departure from Alexander McQueen to lead Bang & Olufsen, and James Kelly's appointment as Theory's global chief executive.

Metrick could not be reached for immediate comment on the appointment. BRG has not disclosed the terms of his role, including compensation or a start date beyond confirming he has already joined the corporate finance practice as managing director in New York.

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Image: Marc Metrick