US Trends

who owns saks

Saks Fifth Avenue is owned by Hudson’s Bay Company (HBC) , a private Canadian retail and real estate group that serves as the parent company of Saks’ luxury retail operations. HBC acquired Saks in 2013 and continues to control both the Saks Fifth Avenue stores and related real estate through its various operating entities.

Who owns Saks right now?

  • The ultimate owner of Saks Fifth Avenue is Hudson’s Bay Company (HBC), which is headquartered in Toronto and New York.
  • HBC is also behind the broader “Saks” ecosystem, including Saks.com (the luxury e‑commerce business) and the physical Saks Fifth Avenue stores, which it operates through separate but affiliated entities.

How the Saks structure works

Over the last few years, the Saks business has been split into distinct pieces under the HBC umbrella.

  • The online business (Saks.com) operates as a separate luxury e‑commerce company, with HBC as majority owner and investors like Insight Partners holding a minority stake.
  • The brick‑and‑mortar Saks Fifth Avenue stores are operated by a company often referred to as “SFA,” which remains wholly owned by HBC and tied to HBC’s large real estate portfolio.

Recent developments and “Saks Global”

  • In 2024, HBC announced the creation of Saks Global , combining Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman into one larger luxury group once a major acquisition closes.
  • Within this structure, HBC stays in control as the main owner, while investors such as Amazon, Rhône Capital, Insight Partners, and Salesforce are set to hold stakes in Saks Global, particularly on the digital and growth side.

Why this matters for the “who owns Saks” question

  • Legally and strategically, ownership traces back to HBC, which controls the Saks intellectual property, store operations, and much of the underlying real estate.
  • At the same time, parts of the Saks business (especially online) now have outside minority investors, so “who owns Saks” in a business‑nerd sense includes HBC plus those financial partners—though HBC is still the key controlling owner.

Information gathered from public forums or data available on the internet and portrayed here.