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{{about|the division of the Hudson's Bay Company|the department store chain|Saks Fifth Avenue|the defunct holding company| Saks, Inc.}}
{{Infobox company {{Infobox company
| name = Saks Global | name = Saks Global
| logo = Saks Global logo.svg
| key_people = {{ubl|</small>] <small>(]) </small>Marc Metrick <small>(], global operating)</small>|Ian Putnam <small>(], global properties and investments)}}
| logo_size = 250px
| logo_alt =
| logo_caption =
| image =
| image_size =
| image_alt =
| image_caption =
| type = Division
| industry = ]
| genre =
| founded = {{Start date and age|2024|07}}
| hq_location =
| hq_location_city = ], ]
| hq_location_country = United States
| num_locations =
| num_locations_year = <!-- Year of num_locations data (if known) -->
| area_served = United States
| key_people = {{plain list|
* ] (])
* Marc Metrick (], global operating)
* Ian Putnam (], global properties and investments)
}} }}
| num_employees =
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent = ]
| subsid = {{plain list|
* ]
* Horchow
* ]
* Neiman Marcus Last Call
* ]
* ]
}}
| website = <!-- {{URL|example.com}} -->
| footnotes =
}}

'''Saks Global''' is the American division of the Canadian holding company ], founded in July 2024. It is also the successor to the ], which was acquired by HBC in December 2024.


The division includes the operations and properties of luxury department stores ], ], and ]; ] department stores Neiman Marcus Last Call and ]; and home furnishings website ]. HBC-owned Canadian department store ] is managed by a distinct Canadian division with this reorganization.
'''Saks Global''' is a luxury retail and real estate company with a portfolio that includes ], ], ], and Saks OFF 5TH.


== History == == History ==
Saks Global was created in 2024 after the Canadian ] (HBC) purchased the American ] (NMG).<ref>{{Cite web |last=Moin |first=David |date=2024-12-11 |title=Saks Owner HBC Secures $2 Billion Bond to Buy Neiman’s |url=https://wwd.com/business-news/retail/saks-owner-hbc-secures-2-billion-bond-to-close-deal-to-buy-neiman-marcus-group-1236760588/ |access-date=2024-12-24 |website=WWD |language=en-US}}</ref> The acquisiton was finalised in December 2024 and cost $2.7 billion for the purchase of the NMG.<ref name=":0">{{Cite web |last=Moin |first=David |date=2024-12-23 |title=Saks Finalizes $2.7 Billion Deal to Buy the Neiman Marcus Group |url=https://wwd.com/business-news/retail/saks-2-7-billion-deal-neiman-marcus-group-finalized-1236777177/ |access-date=2024-12-24 |website=WWD |language=en-US}}</ref> The acquisition brought together Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue and Saks Off 5th,<ref name=":1">{{Cite web |last=IV |first=Antonio Pequeño |title=Saks Global Inks $2.7 Billion Acquisition Of Neiman Marcus In Amazon-Backed Deal |url=https://www.forbes.com/sites/antoniopequenoiv/2024/12/23/saks-global-inks-27-billion-acquisition-of-neiman-marcus-in-amazon-backed-deal/ |access-date=2024-12-24 |website=] |language=en}}</ref> HBC also owns the ] and ] department stores. Saks Global was created in 2024 after the Canadian ] (HBC) purchased the American ] (NMG).<ref>{{cite web |last1=Latham |first1=Tori |title=Saks Officially Acquires Neiman Marcus for $2.7 Billion |url=https://robbreport.com/lifestyle/news/saks-acquires-neiman-marcus-1236136393/ |date=26 December 2024}}</ref><ref>{{cite web |last1=Singh |first1=Prachi |title=Saks Global completes the acquisition of Neiman Marcus |url=https://fashionunited.com/news/business/saks-global-completes-the-acquisition-of-neiman-marcus/2024122363662 |publisher=Fashion United}}</ref><ref>{{Cite web |last=Moin |first=David |date=2024-12-11 |title=Saks Owner HBC Secures $2 Billion Bond to Buy Neiman's |url=https://wwd.com/business-news/retail/saks-owner-hbc-secures-2-billion-bond-to-close-deal-to-buy-neiman-marcus-group-1236760588/ |access-date=2024-12-24 |website=WWD |language=en-US}}</ref> The acquisition was finalized in December 2024 and the purchase cost $2.7 billion.<ref name=":2">{{Cite web |last=Schulz |first=Madeleine |date=2024-12-24 |title=The Saks-Neiman merger is on |url=https://www.voguebusiness.com/story/companies/the-saks-neiman-merger-is-on |access-date=2024-12-25 |website=] |language=en-US}}</ref> The acquisition brought together Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue and Saks Off 5th,<ref name=":1">{{Cite web |last=IV |first=Antonio Pequeño |title=Saks Global Inks $2.7 Billion Acquisition Of Neiman Marcus In Amazon-Backed Deal |url=https://www.forbes.com/sites/antoniopequenoiv/2024/12/23/saks-global-inks-27-billion-acquisition-of-neiman-marcus-in-amazon-backed-deal/ |access-date=2024-12-24 |website=] |language=en}}</ref> HBC also owns the ] and ] department stores.


The purchase includes financing from ] (who will work with the group to “to innovate on behalf of customers and brand partners”)<ref name=":1" />, ], ] and ].<ref name=":0" /> There is also the possibility of store closures across Saks Fifth Avenue and Neiman Marcus.<ref name=":0" /> The purchase was supported with financing from ] (who will work with the group to “to innovate on behalf of customers and brand partners”),<ref name=":1" /> ], ] and ].<ref name=":0">{{Cite web |last=Moin |first=David |date=2024-12-23 |title=Saks Finalizes $2.7 Billion Deal to Buy the Neiman Marcus Group |url=https://wwd.com/business-news/retail/saks-2-7-billion-deal-neiman-marcus-group-finalized-1236777177/ |access-date=2024-12-24 |website=] |language=en-US}}</ref> There is also the possibility of store closures across Saks Fifth Avenue and Neiman Marcus.<ref name=":0" /> In an interview with Vogue Business, Metrick (CEO of Saks Global Operating Group) said that this is only the beginning of the groups ambitions and that they are now thinking of what the entity might look like internationally.<ref name=":2" />


== Assets == == Business units ==
; Saks Global Operating Group

=== Saks Global Operating Group ===
Marc Metrick was appointed as the CEO after the groups creation.<ref name=":0" /> He was previously CEO of Saks the digital arm of Saks Fifth Avenue. Marc Metrick was appointed as the CEO after the groups creation.<ref name=":0" /> He was previously CEO of Saks the digital arm of Saks Fifth Avenue.


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* ] * ]


=== Saks Global Properties & Investments === ; Saks Global Properties & Investments
Ian Putnam was appointed as the CEO after the groups creation.<ref name=":0" /> He is also President and CEO of HBC Properties & Investments. Ian Putnam was appointed as the CEO after the groups creation.<ref name=":0" /> He is also President and CEO of HBC Properties & Investments.


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* ] * ]


=== Bergdorf Goodman === ; Bergdorf Goodman
Bergdorf Goodman is managed separately from the other Saks Global divisions.<ref name=":0" /> Bergdorf Goodman is managed separately from the other Saks Global divisions.<ref name=":0" />


* ] * ]

* ] * ]

; Authentic Luxury Group
Authentic Luxury Group is a ] created in October 2024 in partnership with the ].<ref>{{Cite web |date=2024-10-09 |title=Authentic Brands Group and Saks Global Launch New Luxury Platform: Authentic Luxury Group |url=https://corporate.authentic.com/press-releases/authentic-brands-group-saks-global-new-luxury-platform-authentic-luxury-group |access-date=2024-12-25 |website=Authentic Brands Group |language=en-US}}</ref><ref>{{Cite web |date=2024-12-24 |title=Saks Finalises Acquisition of Neiman Marcus Group |url=https://www.businessoffashion.com/news/retail/saks-finalises-acquisition-of-neiman-marcus-group/ |access-date=2024-12-25 |website=The Business of Fashion |language=en}}</ref>

* ]
* ]
* ]
* Vince

== Nameplates ==
{|class="wikitable sortable"
|+ List of Saks Global nameplates
! Name
! Year<br />founded
! Year<br />acquired
! class="unsortable" | Notes
|-
| ]
| 1899
| 2024
|
|-
| Horchow
| 1971
| 2024
|
|-
| ]
| 1907
| 2024
|
|-
| Neiman Marcus Last Call
|
| 2024
|
|-
| ]
| 1867
| 2013{{efn|name=HBC|Acquired by Hudson's Bay Company before the establishment of Saks Global}}
|
|-
| ]
| 1990
| 2013{{efn|name=HBC}}
|
|}

== Notes ==
{{notelist}}


== References == == References ==
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{{Hudson's Bay Trading_Company, L.P.}} {{Hudson's Bay Trading_Company, L.P.}}
{{Department stores in the United States}}


]
]
]
]
]
]
]

Latest revision as of 17:26, 28 December 2024

This article is about the division of the Hudson's Bay Company. For the department store chain, see Saks Fifth Avenue. For the defunct holding company, see Saks, Inc.
Saks Global
Company typeDivision
IndustryRetail
FoundedJuly 2024; 5 months ago (2024-07)
HeadquartersNew York City, New York, United States
Area servedUnited States
Key people
ParentHudson's Bay Company
Subsidiaries

Saks Global is the American division of the Canadian holding company Hudson's Bay Company, founded in July 2024. It is also the successor to the Neiman Marcus Group, which was acquired by HBC in December 2024.

The division includes the operations and properties of luxury department stores Bergdorf Goodman, Neiman Marcus, and Saks Fifth Avenue; off-price department stores Neiman Marcus Last Call and Saks Off 5th; and home furnishings website Horchow. HBC-owned Canadian department store Hudson's Bay is managed by a distinct Canadian division with this reorganization.

History

Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). The acquisition was finalized in December 2024 and the purchase cost $2.7 billion. The acquisition brought together Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue and Saks Off 5th, HBC also owns the Hudson’s Bay and Zellers department stores.

The purchase was supported with financing from Amazon (who will work with the group to “to innovate on behalf of customers and brand partners”), Authentic Brands Group, G-III Apparel Group and Salesforce. There is also the possibility of store closures across Saks Fifth Avenue and Neiman Marcus. In an interview with Vogue Business, Metrick (CEO of Saks Global Operating Group) said that this is only the beginning of the groups ambitions and that they are now thinking of what the entity might look like internationally.

Business units

Saks Global Operating Group

Marc Metrick was appointed as the CEO after the groups creation. He was previously CEO of Saks the digital arm of Saks Fifth Avenue.

Saks Global Properties & Investments

Ian Putnam was appointed as the CEO after the groups creation. He is also President and CEO of HBC Properties & Investments.

Bergdorf Goodman

Bergdorf Goodman is managed separately from the other Saks Global divisions.

Authentic Luxury Group

Authentic Luxury Group is a joint-venture created in October 2024 in partnership with the Authentic Brands Group.

Nameplates

List of Saks Global nameplates
Name Year
founded 		Year
acquired 		Notes
Bergdorf Goodman 1899 2024
Horchow 1971 2024
Neiman Marcus 1907 2024
Neiman Marcus Last Call 2024
Saks Fifth Avenue 1867 2013
Saks Off 5th 1990 2013

Notes

  1. ^ Acquired by Hudson's Bay Company before the establishment of Saks Global

References

  1. Latham, Tori (26 December 2024). "Saks Officially Acquires Neiman Marcus for $2.7 Billion".
  2. Singh, Prachi. "Saks Global completes the acquisition of Neiman Marcus". Fashion United.
  3. Moin, David (2024-12-11). "Saks Owner HBC Secures $2 Billion Bond to Buy Neiman's". WWD. Retrieved 2024-12-24.
  4. ^ Schulz, Madeleine (2024-12-24). "The Saks-Neiman merger is on". Vogue Business. Retrieved 2024-12-25.
  5. ^ IV, Antonio Pequeño. "Saks Global Inks $2.7 Billion Acquisition Of Neiman Marcus In Amazon-Backed Deal". Forbes. Retrieved 2024-12-24.
  6. ^ Moin, David (2024-12-23). "Saks Finalizes $2.7 Billion Deal to Buy the Neiman Marcus Group". WWD. Retrieved 2024-12-24.
  7. "Authentic Brands Group and Saks Global Launch New Luxury Platform: Authentic Luxury Group". Authentic Brands Group. 2024-10-09. Retrieved 2024-12-25.
  8. "Saks Finalises Acquisition of Neiman Marcus Group". The Business of Fashion. 2024-12-24. Retrieved 2024-12-25.
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