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	\| founded = {{Start date and age\|2024\|~~12\|23~~}}		\| founded = {{Start date and age\|2024\|07}}
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	'''Saks Global''' is the American division of the Canadian holding company ]. It was founded ~~with~~ ~~the~~ ~~completion~~ of ~~Hudson~~ ~~Bay Company's~~ acquisition of the ] on ~~December 23, 2024~~.		'''Saks Global''' is the American division of the Canadian holding company ]. It was founded in July 2024 in preparation for acquisition of the Neiman Marcus Group by HBC.

	The division includes the operations and properties of luxury department stores ], ], and ]; ] department stores Neiman Marcus Last Call and ]; and home furnishings website ].<ref name="Antonio">{{cite news \|last1=Pequeño IV \|first1=Antonio \|date=24 December 2024 \|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/ \|work=]}}</ref><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> HBC-owned Canadian department stores ] and ] are managed by a distinct Canadian division.		The division includes the operations and properties of luxury department stores ], ], and ]; ] department stores Neiman Marcus Last Call and ]; and home furnishings website ].<ref name="Antonio">{{cite news \|last1=Pequeño IV \|first1=Antonio \|date=24 December 2024 \|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/ \|work=]}}</ref><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> HBC-owned Canadian department stores ] and ] are managed by a distinct Canadian division.
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	\| 2013{{efn\|name=HBC}}		\| 2013{{efn\|name=HBC}}
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			\|-
			! colspan="4" \|Authentic Luxury Group
			\|-
			\|]
			\|1923
			\|2024
			\|
			\|-
			\|]
			\|1985
			\|2024
			\|
			\|-
			\|]
			\|1963
			\|2024
			\|
			\|-
			\|Vince
			\|2002
			\|2024
			\|
	\|}		\|}

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	* ]		* ]

			=== Authentic Luxury Group ===
			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

	== Notes ==		== Notes ==

Revision as of 04:52, 25 December 2024

Saks Global
Company type	Division
Industry	Retail
Founded	July 2024; 5 months ago (2024-07)
Area served	United States
Key people	Richard A. Baker (executive chairman) Marc Metrick (CEO, global operating) Ian Putnam (CEO, global properties and investments)
Parent	Hudson's Bay Company
Subsidiaries	Bergdorf Goodman Horchow Neiman Marcus Neiman Marcus Last Call Saks Fifth Avenue Saks Off 5th

Saks Global is the American division of the Canadian holding company Hudson's Bay Company. It was founded in July 2024 in preparation for acquisition of the Neiman Marcus Group by HBC.

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 stores Hudson's Bay and Zellers are managed by a distinct Canadian division.

History

Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). The acquisiton was finalised 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.

Nameplates

List of Saks Global nameplates
Name	Year founded	Year acquired
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
Authentic Luxury Group
Barney's New York	1923	2024
Hervé Léger	1985	2024
Judith Leiber	1963	2024
Vince	2002	2024

Divisions

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.

Bergdorf Goodman

Bergdorf Goodman building

Authentic Luxury Group

A joint-venture created in October 2024 in partnership with the Authentic Brands Group.

Notes

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

References

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

Hudson's Bay Company

Current holdings

Former holdings

Shop-Rite (1972–1982)
Designer Depot (2004–2008)
Fortunoff (2008–2009)
Fields (1978–2012)
I. G. Baker Company (1891)
Freimans (1972-1973)
Morgan's (1960-1972)
Simpsons (1978-1991)
Towers (1990–1991)
Woodward's (1993)
Kmart Canada (1998)
Gilt (2015–2018)
Galeria Kaufhof (2015–2018)
Home Outfitters (1998–2019)
Lord & Taylor (2012–2019)

History

Ships	Aklavik Anson Northup Baychimo Beaver Cadboro Columbia Fort Chesterfield Grahame Hazelton Labouchere Maud Mount Royal Nascopie Nonsuch Otter Pelican Princess Louise Strathcona Vancouver
Equipment	Capote Mackinaw jacket Point blanket York boat

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