Marigay started her career in Spain as a PR and Marketing Executive for Estee Lauder in 1990, moving to Clinique as Training Manager 2 years later. With a passion for Buying she managed to progress herself to the buying offices at Fenwick by 1994 and was headhunted 5 years later by Harrods. In 1999 she joined the team at Harrods as a senior buyer where her 14 year long career and love affair with the iconic store began. In 2001 Marigay became the GM of Beauty and 2002 became Director of Beauty and 2005 was promoted to Director of Beauty and Womenswear. By 2005 She had made it onto the Harrods board and by 2007 she became the Group Fashion and Beauty Director. During her time in her last job title, (2011), she was named as the Chief Merchant of Harrods which saw Harrods smash through the £1 billion turnover mark, something that was astounding for one store to achieve.
She also assisted in the sale of the store to new owners, the Qatari family that own it today. During her time at Harrods, Marigay worked hand in hand with Managing Director, Michael Ward. In addition to her role at Harrods, Marigay is a member of the British Fashion Council board, chairman of the BFC/Vogue Fashion Fund Mentoring Committee, and a luxury advisor to the Financial Times.
So what now? Marigay had been courted by the new owners of Saks, The Hudson Bay Company, who purchased it in a multi-billion dollar deal. After making losses last year it is Marigay's opportunity to turn the store group's fortunes around and we believe that she will achieve this and that with a bit of luck Elite will be able to help support the business in the same way it has with Harrods over the last decade.
WHO ARE SAKS?
Saks Fifth Avenue is an upscale department store chain currently owned by the Hudson's Bay Company (HBC), North America's longest continually operated company.
It's historic flagship store and corporate headquarters in Manhattan NYC are located on the iconic Fifth Avenue where it competes with other high-end department stores on the Upper East Side of Manhattan, such as Bergdorf Goodman, Barneys, and Bloomingdales as well as luxury national retailers like Neiman Marcus and Lords and Taylor.
The business started in the late 19th century by Andrew Saks and was one store until a Jewish immigrant that had built a successful retail business merged with it in 1923. Adam Gimbel that owned a retail store business named Gimbel Brothers purchased Saks with a view of turning it into a nationwide store group. They opened multiple stores until they were purchased by a large tobacco retailer in 1973 that closed the Gimbel Brothers stores and expanded the Saks name.
Over the last ten years many of the Saks stores closed and a new focus on quality over quantity seemed to be apparent. The most interesting and significant part of the HBC's $2.9 billion purchase of Saks is the fact that HBC also own one of Saks biggest competitors Lord and Taylor. There is considerable speculation that Saks will venture into the Canadian market converting some Lord and Taylor stores to Saks and that some Saks stores will become Lord and Taylor in the US.
Recently Saks announced the appointment of Harrod's former Head Merchant, Marigay McKee, as the future President of Saks Fifth Avenue. For more information on Saks Fifth Avenue visit saksfifthavenue.com