Sadove, Frasch to Exit Saks After Hudson's Bay Merger
September 16, 2013,
NEW YORK-When Saks' merger with Hudson's Bay Co. is finalized, the retailer's chairman and CEO, Stephen Sadove, and president and chief merchant, Ronald Frasch, will leave the company, according to a Saks statement.
The planned merger, which was announced in July, is expected to be completed by the end of the calendar year. The statement did not comment on who would assume the leadership of Saks once Sadove and Frasch leave.