Saks Global in Talks to Sell 49% of Bergdorf Goodman, WSJ Says
The Bergdorf Goodman Inc. department store on Fifth Avenue in New York.
Photographer: Amir Hamja/BloombergThe owner of storied retailer Saks Fifth Avenue is exploring selling 49% of Bergdorf Goodman for about $1 billion, the Wall Street Journal reported.
Citing people familiar with the matter, the paper said that there are at least four potential bidders, including Middle Eastern sovereign wealth funds that weren’t named.