• Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers

Saks Global

Kamala Harris

Kamala Met Gala Chatter & ‘Vanity Fair’ Micro Updates

A fresh batch of fashion industry intel: Notes on Kering’s disappointing Q1, Vanity Fair’s E.I.C. shortlist, Saks Global’s new headache, and an intriguing potential Met Gala appearance.
Lauren Sherman • April 23, 2025
William D. Cohan • April 20, 2025
Saks’ $2.2 Billion Fire Alarm
Richard Baker
The high-stakes roll-up of iconic department store brands Saks and Neiman Marcus is now straining under the weight of its junk-bond financing. Facing spiking yields, vendor unrest, and now Trump’s trade war, Richard Baker’s bold bet is fast becoming a cautionary tale.
Lauren Sherman • April 14, 2025
Key Performance Metrick
Marc Metrick
Since last year’s Saks-Neiman marriage, Saks Global C.E.O. Marc Metrick has become the company’s convenient villain, blamed for withheld payments, layoffs, and store closures. Herewith, Metrick explains himself as he steers Saks Global through a rocky merger.
Marc Metrick
Lauren Sherman • April 7, 2025
Saks Damage Control & The Demna Transfer Portal
The latest fashion industry intel on Paul Helbers at Fear of God, the Balenciaga succession chatter, Marc Metrick’s face-saving campaign, and the long shadow of Frédéric Arnault.
anna wintour met gala
Lauren Sherman • March 31, 2025
A Met Gala Scheduling Snafu & More Saks Global Existentialism
The latest fashion world chatter: A notable scheduling conflict surrounding Keith McNally’s book party at Balthazar, another round of LVMH C-suite musical chairs, and a rare silver lining in the Saks Global meltdown.
Richard Baker
Lauren Sherman • March 24, 2025
Saks to Grind
News and notes on the latest collateral damage stemming from Richard Baker’s empire-building Saks Global experiment, from vendor fights to more layoffs.
Simone Bellotti
Lauren Sherman • March 10, 2025
Bellotti’s Fresh Start & Anderson’s Loewe Epilogue
Notes on the fashion industry’s latest round of musical chairs: Simone Bellotti’s new gig as creative director of Jil Sander, Jonathan Anderson’s final collection for Loewe as the Proenza boys prepare to take over, plus a look at the Saks Global angle to Hudson Bay Co.’s “creditor protection.”
Pierre-Emmanuel Angeloglou
Lauren Sherman • February 26, 2025
The Saks Layoffs Commence & An LVMH Shake-up Foretold
A grab bag of fashion world intel: The latest industry chatter after Saks Global boss Marc Metrick announced the elimination of nearly 5 percent of its global corporate workforce, how a potential executive shake-up at Fendi could portend broader leadership changes at LVMH, and whether Target’s D.E.I. walkback might affect their bottom line.
Takashi Murakami
Lauren Sherman • February 24, 2025
The Saks Luxury Dilemma & Louis Vuitton’s Murakami Deal
A quick roundup of exclusive fashion world intel: The fresh set of complexifiers in the spiraling Saks Global meltdown, Takashi Murakami’s surprising payout from his revived partnership with Louis Vuitton, and notes on the existential dilemmas facing London Fashion Week.
Marc Metrick
Inner Circle Exclusive
Lauren Sherman • February 20, 2025
Notes From the Saks Apocalypse
The Metrick memo that shook the world—and the broken model of multibrand retail that produced it.