Neiman Marcus is owned by Saks Global, the parent company formed when Hudson’s Bay Company merged its Saks Fifth Avenue business with Neiman Marcus Group in December 2024. That answer comes with a large caveat: Saks Global filed for Chapter 11 bankruptcy protection on January 13, 2026, so the question of who owns Neiman Marcus over the long term is now in the hands of a bankruptcy court in Texas.1Stretto. Saks Global Enterprises LLC, et al.
Saks Global Is the Legal Owner Today
Saks Global Enterprises and 112 affiliated companies filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas on January 13 and 14, 2026.1Stretto. Saks Global Enterprises LLC, et al. The filing came barely a year after the company acquired Neiman Marcus Group. Saks Global secured $1 billion in debtor-in-possession financing to keep stores open while it restructures.2Saks Global. Saks Global Secures 1.75 Billion of Committed Capital
Under Chapter 11, Saks Global continues to operate the business as a debtor in possession, which is why it remains the legal owner of Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH. Richard Baker, the HBC executive chairman who engineered the Neiman Marcus acquisition, stepped in as CEO of Saks Global as the company entered bankruptcy. The company has said it is evaluating its operational footprint, which in practice means closing stores to cut costs.3CNBC. Saks Global Files for Bankruptcy Protection
The collapse was not sudden. Throughout 2024 and 2025, luxury brands and suppliers filed a growing wave of lawsuits alleging Saks Global failed to pay for apparel, accessories, and jewelry that had already been delivered, and the litigation accelerated into early 2026.4The Fashion Law. Vendor Lawsuits Piled Up at Saks Global Ahead of Bankruptcy
How Saks Global Came to Own Neiman Marcus
Hudson’s Bay Company announced a definitive agreement in July 2024 to acquire Neiman Marcus Group for $2.65 billion in total enterprise value.5Saks Global. HBC to Acquire Neiman Marcus Group for 2.65 Billion The deal combined the two largest luxury department store chains in the United States under a new parent company called Saks Global. The Federal Trade Commission did not issue a second request for additional review, and the transaction closed on December 23, 2024.6Saks Global. Saks Global Completes Acquisition of Neiman Marcus Group
The combined company brought nearly 200 stores across the Saks, Neiman Marcus, and Bergdorf Goodman banners under one owner. That structure lasted roughly a year before Saks Global returned to bankruptcy court.
Amazon and Salesforce Hold Minority Stakes
Amazon invested $475 million for a minority stake in Saks Global when the Neiman Marcus acquisition closed, with the understanding that Saks Global would launch a “Saks at Amazon” storefront and use Amazon’s logistics and technology infrastructure.7CNBC. Amazon Says 475M Stake Is Now Worthless Salesforce also took a minority equity position to provide customer relationship management technology.8WQLN PBS NPR. Saks Buys Neiman Marcus, and Amazon Gets a Stake Neither investment came with voting control over Saks Global’s board.
After the January 2026 bankruptcy filing, Amazon stated in court filings that its $475 million equity stake is “now presumptively worthless” and accused Saks Global of burning through hundreds of millions of dollars in less than a year while failing to launch the agreed-upon Amazon storefront.7CNBC. Amazon Says 475M Stake Is Now Worthless Amazon filed a formal objection to Saks Global’s bankruptcy financing plan.
Who Owned Neiman Marcus Before Saks Global
Before the Saks Global deal, Neiman Marcus Group was owned by three institutional investment firms that had taken control through the company’s earlier bankruptcy. Neiman Marcus filed for Chapter 11 in May 2020, weighed down by roughly $5 billion in debt.9Stretto. Neiman Marcus Group LTD LLC It emerged in September 2020 after eliminating more than $4 billion in debt and over $200 million in annual interest payments.10PR Newswire. Neiman Marcus Group Completes Chapter 11 Process
Ownership passed to the company’s largest creditors through a debt-for-equity swap. The three principal new owners were PIMCO (Pacific Investment Management Company), Davidson Kempner Capital Management, and Sixth Street Partners, which together funded a $750 million exit financing package.10PR Newswire. Neiman Marcus Group Completes Chapter 11 Process These firms held the company from September 2020 until the Saks Global acquisition closed at the end of 2024.
The Private Equity Owners Before That
Neiman Marcus spent nearly two decades under private equity control before the 2020 bankruptcy. TPG Capital and Warburg Pincus acquired the company for $5.1 billion in 2005.11CS Monitor. Neiman Marcus Sells for 6 Billion to Consortium They held it through the 2008 financial crisis and sold it to a consortium of Ares Management and the Canada Pension Plan Investment Board in 2013 for $6 billion.12CS Monitor. Neiman Marcus Sells for 6 Billion to Consortium Each transaction loaded more debt onto the company’s balance sheet. By the time the pandemic hit, Neiman Marcus could not service the accumulated borrowing, and the Ares-led ownership ended in the 2020 filing.
What the Bankruptcy Could Change
The bankruptcy process will determine who ultimately owns Neiman Marcus. As of mid-2026, no buyer or final restructuring plan has been publicly announced. Possible outcomes range from Saks Global emerging as a leaner version of itself to the individual brands being sold off to separate buyers. Under the Clayton Act, federal regulators also retain the authority to revisit the original merger if competitive concerns materialize.
Until the bankruptcy court approves a reorganization plan or a sale, Saks Global remains the legal owner of Neiman Marcus. Ownership during a Chapter 11 case is a legal status, not a settled outcome, so the name on the door and the name on the eventual reorganization order may not be the same.