Saks in Talks to Sell 49% Stake in Bergdorf Goodman for About $1B

Retail

Dec 4

Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow.

Saks Global, parent of the department store chain Saks Fifth Avenue, is exploring selling a minority stake, or 49%, in luxury retailer Bergdorf Goodman for $1 billion to help reduce debt.

Reuters: Saks Global seeks to sell minority stake in luxury retailer Bergdorf Goodman

saksbergdorfgoodmanretailstakesaleluxury

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/

Saks in Talks to Sell 49% Stake in Bergdorf Goodman for About $1B

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