Who controls Saks Global’s IP?
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Saks Global’s bankruptcy filing last month triggered a clause in its agreement with Authentic Brands Group, bumping Authentic’s interest in the luxury company’s intellectual property — or aspects of it. Authentic now owns a 77% interest in the entity that holds a perpetual master license to the IP of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, up from 51 ...