With sale pending, Saks exec leaving: Boston Store, Younkers poised to change hands.

From: The Milwaukee Journal Sentinel (Milwaukee, Wisconsin) (viaKnight-Ridder/Tribune Business News) | Date: March 2, 2006 | Copyright information

Byline: Doris Hajewski

Mar. 2--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.

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 Group, which has headquarters in Milwaukee in offices above the downtown Boston Store, operates 142 stores in the Midwest under the Bergner's, Boston Store, Carson Pirie Scott, ...

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