Saks Global in talks to sell 49% stake in Bergdorf Goodman for about $1 billion, WSJ reports

(Reuters) -Saks Global, the parent of Saks Fifth Avenue, is in talks to sell a 49% stake in luxury retailer Bergdorf Goodman for about $1 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Reuters could not immediately verify the report.

(Reporting by Surbhi Misra in Bengaluru; Editing by Cynthia Osterman)