Consumer

Saks Is Exploring Options for Bergdorf Goodman, WWD Reports

A Saks Fifth Avenue store in New York. The owner of Saks Fifth Avenue is exploring options for Bergdorf Goodman.
Photographer: Yuki Iwamura/Bloomberg

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By Catherine Larkin

September 18, 2025 at 10:41 PM UTC

Saks Global Enterprises LLC is exploring strategic options for Bergdorf Goodman, including selling a minority position in the luxury department store, WWD reported.

The company had tested the market for an outright sale and is now focused on selling a minority stake that would value Bergdorf Goodman in the range of $1.5 billion to $2 billion, WWD reported, citing unidentified sources. The publication didn’t say how large a stake might be available for sale.