Exclusive | Saks CEO faces conflict of interest complaint over his Moncler board seat

Saks Global CEO Geoffroy van Raemdonck is facing heat over his cozy ties with Moncler, where he sits on the board despite the fact that the Italian fashion label is a key creditor to the bankrupt retailer, The Post has learned.Van Raemdonck’s relationship with Moncler, which is owed $6.3 million in the bankruptcy, is “a clear conflict of interest” according to a filing on EthicsPoint – a platform companies use to receive anonymous tips and complaints – that was shared with The Post.“When vendors are paid off during bankruptcy and Moncler is paid a higher percentage than a different vendor would it be due to the presence of Geoffroy?” Other problematic scenarios could play out as well, according to the author of the Feb.12 complaint who wasn’t named.“If the [Moncler] quilted fleece down bomber jacket is selling faster than expected, will Saks Global be favored to receive the next shipment due to his position?” the complaint asked.“What happens if Nordstrom merchants feel Saks Global was given preferential treatment by Moncler?” the unnamed author wrote.

“All of these could easily happen regardless of intentions.That’s why he should no longer be on the board.”The report likewise points a finger at Moncler CEO Remo Ruffini, claiming, “By keeping Geoffroy on the board, Mr.

Ruffini has decided this is not a conflict of interest.”In a March 5 response to the EthicsPoint complaint, Moncler said it is “conducting the appropriate regulatory corporate governance and assessment required in circumstances of this nature.“We would like to reassure you that we were already addressing the issue you raised with the aim of preventing and managing any potential conflict of interest,” Moncler added.Milan-based Moncler, where van Raemdonck has been a director since April 2025, didn’t respond to The Post’s requests for further comment.Asked for comment on Wednesday, a Saks Global spokesperson said the retailer reviewed van Raemdonck’s board...