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A Brief History of Saks Fifth Avenue

Working alongside various partners on a multitude of transactions, Robert V. Glaser had a role as a member of one of the teams responsible for notable investments, one of these investments being American luxury department store Saks Fifth Avenue. Founded in 1898 by businessman Andrew Saks, Saks Fifth Avenue was originally known as Saks & Company when it was incorporated in New York in 1902. Andrew Saks passed away a few years later in 1902 and Saks & Co. would go on to merge with American department store Gimbel Brothers, Inc., owned by Bernard Gimbel, a cousin of Horace Saks.… Read More

A Brief History of Tiffany & Co.

Also known colloquially as Tiffany's,  luxury jewelry and specialty retailer Tiffany & Co. was founded by John B. Young and Charles Lewis Tiffany in 1837. Back then, the company went by the name of Tiffany, Young and Ellis and billed itself as a "stationery and fancy goods emporium" where its products indeed were various stationary items. It wasn’t until 1853 that the company changed its name to the now famous Tiffany & Company and began focusing heavily on jewelry. The store quickly made a name for itself in the 1830s by being one of the few to show a price… Read More