Saks Global is considering selling 49% of Bergdorf Goodman for about $1 billion

The Wall Street Journal (gated) with the report. In brief:Saks Global is considering selling 49% of Bergdorf Goodman for about $1 billion to unlock value and reduce debt.Potential buyers for the stake in Bergdorf Goodman include Middle Eastern sovereign-wealth funds and strategic investors.Bergdorf Goodman, known for luxury goods and superior service, might be valued between $1.5 billion and $2.5 billion.
This article was written by Eamonn Sheridan at investinglive.com.

Source: investinglive.com (Read Full Article)