Saks C.E.O. Steps Down Amid Debt Crisis
Saks Global’s CEO Marc Metrick has resigned as the luxury retailer grapples with mounting debt and a missed interest payment, raising bankruptcy fears. Leadership Transition Marc Metrick, who led Saks Fifth Avenue since 2015 and Saks Global post-2024 Neiman Marcus merger, stepped down immediately to pursue new opportunities. Executive Chairman Richard Baker, a real estate […]
BYD Overtakes Tesla To Lead Global Electric Car Sales
BYD moves into first place Chinese automaker BYD ended 2025 with about 2.25 million battery-electric vehicle (BEV) sales, vaulting past Tesla’s roughly 1.64 million and securing the annual global crown for the first time. This follows several quarters of intense competition in which BYD had already outpaced Tesla when plug‑in hybrids were included, signaling that […]