Articles and News
Saks Global Reportedly in Talks to Sell 49% Stake in Bergdorf Goodman for $1 Billion September 22, 2025 (0 comments)
New York, NY--Saks Global is in talks to sell a 49% stake in luxury retailer Bergdorf Goodman for about $1 billion, The Wall Street (WSJ) Journal and other publications reported.
Citing people familiar with the matter, there are at least four bidders in the running, including Middle Eastern sovereign wealth funds and strategic investors, with a deal possible early next year, Reuters said, quoting the Journal.
The proceeds from the deal would help Saks Global pay down debt from its acquisition of Neiman Marcus, the Reuters reported sourcing the the Journal.
Saks Global is also in the process of selling $600 million of real estate and currently owns properties valued at roughly $9 billion, the report added.
Saks, through its parent company Hudson's Bay Company (HBC), completed the acquisition of Neiman Marcus Group in December 2024, forming the new company Saks Global. The acquisition resulted in a $2.7 billion deal that united several luxury brands under one corporate umbrella.
Bergdorf Goodman, founded in 1901, is a landmark fashion and luxury retailer at 5th Avenue and 58th Street in New York.
Read more about it at Reuters, The Business of Fashion, The Wall Street Journal and WWD (some publications require a subscription).