Saks Fifth Avenue - Fashion Designers

Saks Fifth Avenue is a luxury American department store owned and operated by Saks Fifth Avenue Enterprises, a subsidiary of Saks Incorporated. It competes in the high-end department store market with Barneys New York, Bergdorf Goodman, Bloomingdale's, and Neiman Marcus. Saks is headquartered in New York City. Saks Fifth Avenue Enterprises consists of 54 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and Saks.com. Saks Fifth Avenue is the successor of a business founded by Andrew Saks in 1867 and incorporated in New York in 1902 as Saks & Company. The chain's first international location, operated under license by SFAE, opened in Riyadh, Saudi Arabia, courting the wealth of the oil-rich Middle East. Locations would follow in the United Arab Emirates, Mexico, and Bahrain. In January of 2009, the company opened a second location in Saudi Arabia, in the city of Jeddah.