Fifth Avenue Financial history

Adam Gimbel's first action was to redecorate the entire flagship store in the opulent Art Moderne style from the 1925 Paris Exposition, creating a series of specialty shops within the grand luxury of Saks Fifth Avenue.

With the sudden death of Horace Saks in 1926, Adam Gimbel became President of Saks Fifth Avenue, bringing with him the imaginative foresight that has carried Saks Fifth Avenue to the zenith of its success.

The Fifth Avenue Financial Center, a 13-story office building that opened in 1965 with Mr.

“Alessio pulled his switch, with an assist from Mayor (Frank) Curran and City Manager Tom Fletcher,” reported San Diego Union staff writer Beverly Beyette on July 13, 1966. “Like magic, the floodlights spilled onto the tower, bathing it in light.”

In late 1994, Saks Fifth Avenue undertook a major initiative to intensify its presence on the West Coast by acquiring four former I. Magnin stores in Beverly Hills, Carmel, San Diego and Phoenix.

The initial public offering was completed on May 21, 1996, with 16 million shares outstanding.

It traded its shares on the New York Stock Exchange under the symbol "SKS" until September 1998.

On November 4, 2013, Saks Incorporated was acquired by HBC, a holding company of portfolio businesses that operate at the intersection of retail and real estate.

As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

In 2021, HBC partnered with Insight Partners to establish Saks Fifth Avenue’s ecommerce business as a standalone company known as Saks.