Saks Is Exploring Options for Bergdorf Goodman, WWD Reports

Saks Global Enterprises LLC is exploring strategic options for Bergdorf Goodman, including selling a minority position in the luxury department store, WWD reported.

The company had tested the market for an outright sale and is now focused on selling a minority stake that would value Bergdorf Goodman in the range of $1.5 billion to $2 billion, WWD reported, citing unidentified sources. The publication didn’t say how large a stake might be available for sale.

A spokesperson for Saks said the company doesn’t comment on rumor or speculation.

Saks Global in recent months has overhauled its capital structure, including reworking ...