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On Friday, Saks Global chairman Richard Baker finally became the C.E.O. of the conglomerate that he willed into existence a year ago after he spun off Hudson’s Bay Company and acquired Neiman Marcus Group with a $2.2 billion junk bond. Marc Metrick, his decades-long deputy, left the role after a decidedly unmagical year defined by floundering relations with brands over an elongated payment schedule, a summertime restructuring, and incessant chatter about the servicing of the company’s debt. Last week, I first reported that Metrick was a goner around the same time that Saks declined to make a $100 million-plus payment on said debt.
