With Sale Pending, Saks Exec Leaving; Boston Store, Younkers Poised to Change Hands

The Milwaukee Journal Sentinel › March 02, 2006

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Summary

Michael MacDonald, chief executive officer of Saks Inc.'s Northern Department Store Group, will leave the company after the chain is sold to Bon-Ton Stores Inc. this month.

MacDonald, 54, told employees of his decision Wednesday.

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Extract

With Sale Pending, Saks Exec Leaving; Boston Store, Younkers Poised to Change Hands

Saks announced late last year it would sell the Northern Group stores to Bon-Ton, of York, Pa., for about $1.1 billion. The Northern...

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