Saks Global Enterprises LLC

Saks Global, operating under the legal entity Saks Global Enterprises LLC, is an American holding company primarily engaged in luxury retail and commercial property. Headquartered in New York City, New York, the company's mission is to redefine the luxury shopping experience through personalized service, data-driven technology, and strong partnerships with esteemed brands.

The company's portfolio includes renowned luxury retailers such as Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and the off-price chain Saks OFF 5TH. Saks Global operates both a network of physical stores and e-commerce platforms, offering a diverse range of luxury goods and services. Additionally, it holds significant real estate investments, including flagship properties of Saks Fifth Avenue and Neiman Marcus.

In January 2026, Saks Global filed for Chapter 11 bankruptcy protection, primarily attributed to the substantial debt incurred from its 2024 acquisition of the Neiman Marcus Group. The company is currently undergoing a significant restructuring process, which includes optimizing its store footprint through closures of some Saks Fifth Avenue, Neiman Marcus, and most Saks OFF 5TH locations, as well as reducing its corporate workforce. Geoffroy van Raemdonck was appointed CEO in January 2026 to lead the company through this transformation, with an anticipated emergence from bankruptcy in Summer 2026, aiming to solidify its position as a premier luxury destination focused on full-price selling and enhanced brand partnerships.