Saks Fifth Avenue Seeks $1 Billion for 49% of Bergdorf Goodman in Strategic Pivot

The tectonic plates of American luxury retail are shifting once again. Fresh from its seismic acquisition of Neiman Marcus Group, Saks Fifth Avenue is now moving to stabilize its new empire by offering a 49% stake in its most iconic asset, Bergdorf Goodman, for a staggering $1 billion. According to The Wall Street Journal, this is […]click click me please

The post Saks Fifth Avenue Seeks $1 Billion for 49% of Bergdorf Goodman in Strategic Pivot appeared first on Fashion Bomb Daily.