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Saks Global is looking to offload a 49 percent stake in New York City luxury department store Bergdorf Goodman, The Wall Street Journal reported Sunday, citing sources familiar with the matter.
The news comes less than a year after Saks closed its acquisition of Neiman Marcus Group, which operated Bergdorf as a standalone location. Richard Baker, executive chairman of Saks Global, confirmed that the company is exploring a potential sale of a minority stake in Bergdorf Goodman. “This process…
