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C Street Advisory Group is providing strategic communications support to Saks Global Holdings as the luxury retailer declares Chapter 11 while evaluating its "operational footprint."
Kekst CNC is working with a group of secured bondholders, who have agreed to pump $1.75B into Saks to strengthen its balance sheet and set the stage for a strong and stable future.
The financial restructuring has Geoffrey Van Raemdonck, who was CEO of Neiman Marcus Group prior to its 2024 acquisition by Saks, succeeding Richard Baker at the helm of Saks, effective immediately.
Van Raemdonck, who also worked at Louis Vuitton and Ralph Lauren, will oversee the process of deciding where to invest resources in areas that offer the greatest long-term potential.
Saks Global’s portfolio includes Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5th, Last Call and Horchow.
Stores and e-commerce activities are open for business during the Chapter 11 proceedings.
O'Dwyer's lists firms specializing in financial communications and investor relations as well as 31 other PR specialties.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
