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Richard Baker

Former Executive Chairman, Saks Global

A veteran retailer and savvy businessman since high school, Baker led the highly anticipated acquisition of Neiman Marcus Group and established Saks Global.

Richard Baker
Retail

Hudson's Bay Sells Lord & Taylor Building to WeWork to Cut Debt

WeWork will pay $850 million for the Fifth Avenue flagship, as the Canadian retail group faces pressure from investors to cut debt.

Retail

Hudson's Bay Sells Lord & Taylor Building to WeWork to Cut Debt

WeWork will pay $850 million for the Fifth Avenue flagship, as the Canadian retail group faces pressure from investors to cut debt.


Retail

Hudson’s Bay Company CEO Jerry Storch Is Leaving

Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.

Retail

Hudson’s Bay Company CEO Jerry Storch Is Leaving

Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.


Retail

Should Hudson's Bay Sell Saks Fifth Avenue?

Less than two months after the Canadian department store group announced a cost-cutting restructuring, rowdy activist investor Jonathan Litt is pushing the board to take more drastic action in confronting its challenges.

Retail

Should Hudson's Bay Sell Saks Fifth Avenue?

Less than two months after the Canadian department store group announced a cost-cutting restructuring, rowdy activist investor Jonathan Litt is pushing the board to take more drastic action in confronting its challenges.


Retail

Hudson’s Bay Company Announces 2,000 Job Cuts, Including Senior Management

The Canadian-American department store conglomerate is flattening its hierarchy across businesses, realising more than $350 million in annual savings when the changes are fully implemented.

Retail

Hudson’s Bay Company Announces 2,000 Job Cuts, Including Senior Management

The Canadian-American department store conglomerate is flattening its hierarchy across businesses, realising more than $350 million in annual savings when the changes are fully implemented.


News & Analysis

News Bites | Neiman Marcus Still Searching for a CFO, Amazon Fashion Names New President

In today's News Bites, the Neiman Marcus Group names Dale Stapleton as its new interim chief financial officer, while Amazon appoints Christine Beauchamp president of its fast-growing fashion division.

News & Analysis

News Bites | Neiman Marcus Still Searching for a CFO, Amazon Fashion Names New President

In today's News Bites, the Neiman Marcus Group names Dale Stapleton as its new interim chief financial officer, while Amazon appoints Christine Beauchamp president of its fast-growing fashion division.


Retail

Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid

The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.

Retail

Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid

The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.


Luxury

How Ralph Lauren and Burberry Are Fighting for Their Future

The two iconic fashion brands are shifting their strategies in the face of setbacks. Will it be enough?

Luxury

How Ralph Lauren and Burberry Are Fighting for Their Future

The two iconic fashion brands are shifting their strategies in the face of setbacks. Will it be enough?


Retail

Hudson's Bay Shares Soar to 16 Month-High on Real Estate IPO

Canada's oldest retailer had its biggest gain in 16 months after it signalled it may take its real estate assets public, unlocking value for the company as same-store sales decline.

Retail

Hudson's Bay Shares Soar to 16 Month-High on Real Estate IPO

Canada's oldest retailer had its biggest gain in 16 months after it signalled it may take its real estate assets public, unlocking value for the company as same-store sales decline.


Retail

A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment

The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.

Retail

A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment

The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.


Retail

How Neiman Marcus Readied Itself for Potential Sale

The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.

Retail

How Neiman Marcus Readied Itself for Potential Sale

The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.


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