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.
