Much of the fashion industry blames Richard Baker, Saks Global's former chairman and architect, for the department store group's bankruptcy, but he sees himself as a savior. "As an entrepreneur," Baker said, "we actually did a very successful job. Notwithstanding what you've been reading lately." In Baker's telling, there were a host of external factors that led to the cratering of Saks Global and his ouster: Shoppers were under economic strain, tariffs hurt margins and a popular online newslett...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.