For a taste of just how volatile the world of US luxury retail has been in the past few years, look no further than the resume of Geoffroy van Raemdonck.
Van Raemdonck was named as the new chief executive officer of Saks Global Enterprises on Wednesday as part of the retailer’s Chapter 11 filing. Just over a year after leaving the top job at Neiman Marcus, when Saks bought the famed department store in a debt-fueled $2.65 billion deal, he’s returning with a remit to shepherd the combined company through bankruptcy and, once it emerges, make its portfolio of luxury department ...
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