Shifting Control: Authentic Brands Tightens Grip on Saks, Neiman Marcus IP Amid Bankruptcy
Authentic Brands Group has increased its stake to 77% in the entity holding the master license to Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman's intellectual property, following Saks Global's bankruptcy filing. The move raises complex questions over ultimate control and could reshape the future of these iconic luxury retailers.