Bergdorf Goodman news and archive

Saks Global announces store footprint optimisation for profitable growth

Saks Global, the luxury retail entity formed through the acquisition of Neiman Marcus Group, has announced a strategic optimisation of its store footprint and service model to drive profitable growth. Store optimisation to drive growth The first phase of this transformation includes the closure of eight Saks Fifth Avenue locations and one Neiman...

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Bergdorf Goodman hosts special window installation with Loro Piana ahead of the holiday season

Italian luxury brand Loro Piana is hosting a special installation at the iconic Bergdorf Goodman, complete with exclusive product launches and a personalization service, as it celebrates its connection with New York City. Taking place from October 17 to November 3, the window installation, which spans both the women’s and men’s departments at...

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Saks Global reportedly considering sale of minority stake in Bergdorf Goodman

Luxury retail giant Saks Global is said to be considering offloading a minority stake in Bergdorf Goodman as it reportedly continues to review “strategic options” for the business. According to sources for WWD, the sale of such a stake, the size of which could not be determined, could value the department store between 1.5 and 2 billion dollars....

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Fashion |In Pictures

Christmas displays from around the world

With Christmas fast approaching, FashionUnited has rounded up the best of this year’s festive displays, from Sir Paul Smith’s takeover at Claridge’s in London to Selfridges maximalist take on the holiday season, Saks Fifth Avenue’s dazzling 100th-anniversary showcase in New York, Fenwick’s 12 Days of Christmas in Newcastle, Dior’s showstopping...

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Saks parent company acquires Neiman Marcus, Amazon to be investor

In what has been a long-winded back-and-forth that has spanned multiple years, it is now believed that department store powerhouses Saks Fifth Avenue and Neiman Marcus Group are finally set to merge. According to multiple media reports, Saks parent company Hudson’s Bay Co. (HBC) has secured an agreement to purchase Neiman Marcus Group for a...

Retail

Ginori 1735 opens Café Ginori in Bergdorf Goodman

New York department store Bergdorf Goodman has partnered with Italian fine porcelain brand Ginori 1735 to open Café Ginori. A custom project that sees the porcelain brand continue to branch out into lifestyle, the new café features Italian-inspired dishes and aims to immerse visitors in the Ginori 1735 world. Featuring the aesthetic and...

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Farfetch closes 200 million dollar minority investment in Neiman Marcus Group

Retail conglomerate Neiman Marcus Group (NMG) has announced the closing of a 200 million dollar equity minority investment in the group by luxury fashion platform Farfetch Limited, as well as a commercial agreement with Farfetch Platform Studios (FPS). In a release, NMG said it will be using the proceeds to accelerate growth and innovation...

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Bergdorf Goodman appoints two new execs

New York retailer Bergdorf Goodman has announced the promotion of Cheryl Han to senior vice president of its e-commerce division and customer strategy. The luxury group also promoted Melissa Xides to senior vice president of Bergdorf Goodman Stores and brand operations. In a release, the Neiman Marcus-owned company said the two new execs will...

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Neiman Marcus to go fur-free by 2023

The Neiman Marcus Group (NMG) has announced that it is to go fur-free by early 2023, as it confirms the closure of its existing fur salons. The American retailer said that it will discontinue selling any products containing animal fur as part of its forthcoming environmental, social and governance (ESG) strategy. The animal welfare policy,...

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Neiman Marcus Group establishes an environmental social governance team

The Neiman Marcus Group has announced the companies’ first team devoted to environmental improvements throughout its operations. The Environmental Social Governance team (ESG) strategy includes collaborating with independent third-party consultants to assess the companies most crucial environmental initiatives, set time-bound goals, invest in...

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Neiman Marcus ramps up digital with new hire and investments

The Neiman Marcus Group is reshaping the customer experience across both its Neiman Marcus and Bergdorf Goodman brands. The company has hired Bob Kupbens as its new executive vice president, chief product and technology officer. He will join Neiman Marcus on February 1, reporting to CEO Geoffroy van Raemdonck. Kupbens will work with the company’...

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Neiman Marcus reborn: Multi-million dollar debt reduction and staff cuts

New York - The iconic U.S. luxury retail group has just announced its departure from the bankruptcy protection framework that it voluntarily filed for last May. Neimas Marcus resurfaces with a debt reduction of 4 million dollars and staff cuts. Despite having put the threat of bankruptcy behind, the retail group is cautious about the future. The...