Scroll to read more on the history of the ultra-luxury department store up for sale, with roots tracing back to 1899RETAIL RUFFLE Iconic department store faces $1 billion shake-up with plan to sell half its businessAN iconic department store chain is eyeing a $1 billion shake-up to ease some of its financial troubles, planning to sell nearly half of one of its ultra-luxury brands. Saks Global, the parent of Saks Fifth Avenue, is currently working out the details of the landmark deal, with a big decision expected in the coming months. The deal combined Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and as well as other luxury retail and real estate assets. The total value of Bergdorf Goodman currently stands at between $1.5 billion and $2.5 billion. 3 Saks Global is looking to sell 49% of Bergdorf Goodman for $1 billion Credit: Getty3 Saks Global's $1 billion deal is expected to go through early next year Credit: Getty