Saks Considering Sale of Parisian Store Chain
From Associated Press
Saks Inc. said it was considering selling its Parisian department store chain and announced the replacement of longtime Chief Executive R. Brad Martin with Chief Operating Officer Stephen I. Sadove.
Martin, who has been Saks’ CEO for the last 16 years, plans to end his executive and management roles at the end of fiscal 2006, but will remain chairman.
Saks shares rose 85 cents to $18.71.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
