Saks Fifth Avenue
  • Team became involved when Saks Fifth Avenue was part of underperforming company which also included Proffitt’s, Carson Pirie Scott, Younkers, Herberger’s, Boston Store and Parisian

    • Rationalized costs and made strategic decision to exit all non-Saks Fifth Avenue assets; sold other brands on favorable terms

    • Exited 1/3 of store base and reinvested with innovative concepts including a shoe store with its own zip code (10022-SHOE), resulting in significant SSS growth

    • Created leading luxury internet business with sales approaching $800 million

    • Accelerated growth of outlet business through the addition of units, improvement of SSS growth and development of OffFifth.com

  • Sold Saks Fifth Avenue in November 2013 for 13x EBITDA

    • Premium multiple for the department store segment

JW Levin Management Partners.  All Rights Reserved 2017.