Saks Fifth Avenue British boss Marigay McKee departs

The British president of US department store chain Saks Fifth Avenue Marigay McKee has left the business after just 15 months in the role.

According to a statement McKee, who joined the business in 2013 from Harrods, has stepped down from the role "based on mutual agreement".

She is replaced by Marc Metrick, executive vice president and chief administrative officer for Saks parent company Hudson's Bay Company.

Richard Baker, Hudson's Bay Company's governor and executive chairman, commented: "We thank Marigay for her contributions to elevating the Saks Fifth Avenue experience, and wish her all of best in her future endeavors."

During her tenure McKee had attempted to revitalise the department store by spearheading a cull of Saks' 2,227 brands that were underperforming.

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