All Brands Owned by Saks Global Enterprises

What does Saks Global own?
Saks Global Enterprises operates three luxury retail brands: Saks Fifth Avenue (approximately 40 full-line stores plus Saks Off Fifth outlets), Neiman Marcus (approximately 36 full-line stores plus Last Call outlets), and Bergdorf Goodman (a single flagship location on Fifth Avenue in New York City). The company also operates the e-commerce platforms saks.com, neimanmarcus.com, and bergdorfgoodman.com. The combined company has approximately 80 store locations and 19,000 employees.

Is Saks Global publicly traded?
No, Saks Global is a privately held company. It was formed in July 2024 through a $2.7 billion transaction financed with debt and equity, including an approximately $475 million equity investment by Amazon. The company filed for Chapter 11 bankruptcy in January 2026, and existing equity holders (including HBC and Amazon) are expected to be eliminated as lenders convert debt to equity in the reorganized entity.

Who founded Saks Global?
Saks Global was formed in July 2024 through the combination of Saks Fifth Avenue (founded 1924) and Neiman Marcus Group (founded 1907). The combination was orchestrated by Richard Baker, the real estate investor who controls Hudson's Bay Company (HBC) and had acquired Saks Fifth Avenue in 2013. Baker serves as Executive Chairman of Saks Global. Marc Metrick, former CEO of Saks Fifth Avenue, serves as CEO of the combined entity.

Is Saks Fifth Avenue closing?
Saks Fifth Avenue stores remain open during the Chapter 11 bankruptcy proceedings. The company has stated that all three brands (Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman) will continue operating. However, store closures are expected as part of the restructuring plan, and the specific stores to be closed have not been announced as of mid-2026. An exit from bankruptcy is targeted for summer 2026.

Does Amazon own Saks Fifth Avenue?
Amazon made an equity investment of approximately $475 million in Saks Global Enterprises at formation in 2024. Under the Chapter 11 restructuring plan, existing equity holders including Amazon's stake are expected to be eliminated as lenders convert debt to equity ownership of the reorganized entity. Amazon will not own a stake in the reorganized company unless it participates in the DIP financing or exit financing.

What is Bergdorf Goodman?
Bergdorf Goodman is a single-location luxury department store on Fifth Avenue in New York City, operating two buildings (women's and men's). Founded in 1899, it is considered one of the most prestigious retail environments in the world. Bergdorf Goodman is particularly known for its women's designer fashion, accessories, beauty departments, and holiday window displays. It is part of the Saks Global Enterprises portfolio, having been part of Neiman Marcus Group since 1972.

Why did Saks Global go bankrupt?
Saks Global's bankruptcy resulted from the combination of excessive debt (approximately $2.2 billion) taken on to finance the 2024 acquisition of Neiman Marcus Group, continued decline in luxury department store foot traffic, luxury brands reducing wholesale allocations, and the challenges of integrating two large retail operations simultaneously. The company missed a $100 million interest payment in December 2025, triggering the January 2026 Chapter 11 filing.