Saks Global is reportedly in discussions to sell a 49% stake in the luxury department store Bergdorf Goodman for approximately $1 billion. This move could significantly impact the retail landscape, as it reflects the ongoing interest in high-end retail investments and the potential for growth in the luxury market. The sale could provide Saks with capital to further enhance its operations and expand its offerings.

Saks is reportedly in discussions to sell a 49% stake in Bergdorf Goodman for approximately $1 billion. This move comes as part of Saks' strategy to reduce its debt following its acquisition of Neiman Marcus last year. Selling a significant portion of Bergdorf Goodman could provide Saks with the necessary funds to strengthen its financial position, which is crucial in the competitive retail landscape.