Saks Global seeks to sell minority stake in luxury retailer Bergdorf Goodman

(Reuters) - Saks Global, parent of upscale department store chain Saks Fifth Avenue, said it has begun a process to explore selling a minority stake in luxury retailer Bergdorf Goodman to help reduce debt, a spokesperson told Reuters on Monday. The stake sale in the high-end department store would help the company reduce debt, the Saks Global spokesperson said. The move comes as demand for luxury goods remains choppy in the United States, with inflation and tariff concerns weighing on retailers and dampe ...