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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.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
