Saks Global taps former NMG exec as CFO
Saks Global has appointed Brandy Richardson as its new chief financial officer, bringing a seasoned NMG veteran back to luxury retail at a critical stage in the company’s post-acquisition transformation.
Saks Global has appointed Brandy Richardson as its new chief financial officer, bringing a seasoned NMG veteran back to luxury retail at a critical stage in the company’s post-acquisition transformation.
Saks Global has appointed Brandy Richardson as its new Chief Financial Officer, effective August 18, as the company continues its strategic evolution following the acquisition of Neiman Marcus Group (NMG) in December 2024.
Richardson will succeed interim CFO Mark Weinsten, who has led the finance function during the initial integration period.
Richardson joins from Tailored Brands, Inc., where she has served as EVP and CFO since 2021. Prior to that, she spent 15 years at Neiman Marcus in a series of senior finance roles.
Her appointment marks a return to the luxury retail segment at a pivotal moment for Saks Global as it seeks to execute on its multi-brand growth strategy.
“With her deep background in both luxury retail and finance, Brandy is the right leader to drive Saks Global’s financial performance as we execute on our ambitious transformation strategy,” said Marc Metrick, CEO of Saks Global Operating Group.
“She brings a clear understanding of the complexities and opportunities within the luxury landscape.”
Richardson’s arrival follows a period of significant structural change at Saks Global.
The acquisition of NMG created one of the largest luxury retail entities in North America, and has necessitated a reconfiguration of leadership and operational priorities.
Weinsten, who served as interim CFO throughout the transition, was credited with developing the post-merger finance strategy and aligning it with the company’s long-term objectives.
“Mark has brought valuable leadership to Saks Global,” Metrick added. “We are grateful for his stewardship during this transformational time.”
Richardson will join Saks Global’s Dallas-based executive team and report directly to Metrick. She will be responsible for overseeing corporate finance, FP&A, investor relations, and integration alignment across the newly combined organization.
“Saks Global is poised to shape the future of luxury retail,” Richardson said in a statement. “My years with NMG were foundational to my career, and I’m energized by the opportunity to return to the sector at such an exciting time.”
The appointment comes ahead of Saks Global’s half-year financial results, expected on July 31.
Analysts will be watching closely for signs of early progress in integrating NMG operations and sustaining post-merger momentum amid intensifying competition in the luxury segment.