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Saks Global Negotiates $1 Billion Sale of Bergdorf Goodman Stake

9/22/2025

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Summary

Story summary

Saks Global is negotiating to sell a 49% stake in Bergdorf Goodman for about $1 billion.
The Wall Street Journal identifies at least four bidders, including Middle Eastern sovereign wealth funds.
A deal may be finalized early next year.
Saks Global aims to reduce debt from its $2.65 billion Neiman Marcus acquisition.
The company is also selling $600 million in real estate, with total property values around $9 billion.

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Story summary

Saks Global is negotiating to sell a 49% stake in Bergdorf Goodman for about $1 billion.
The Wall Street Journal identifies at least four bidders, including Middle Eastern sovereign wealth funds.
A deal may be finalized early next year.
Saks Global aims to reduce debt from its $2.65 billion Neiman Marcus acquisition.
The company is also selling $600 million in real estate, with total property values around $9 billion.