Andrew Saks

American businessman (1847–1912)

Andrew Saks (June 5, 1847 – April 8, 1912) was an American businessman known as the founder of department store Saks Fifth Avenue.2

From Wikipedia’s article on Andrew Saks (this version), CC BY-SA 4.0.

Born Jun 5, 1847, died Apr 9, 1912.1

Companies

Career

Occupation: entrepreneur.4

Personal life

  • BornJun 5, 1847, Baltimore5
  • DiedApr 9, 1912, New York City6
  • CitizenshipUnited States7

Saks married Jennie Rohr with whom he had three children. He died on April 9, 1912. His daughter, Leila Saks Meyer (1886–1957), returning to attend her father's funeral, survived the sinking of the RMS Titanic in 1912 (five days after his death); her husband, Edgar J. Meyer, son of financier Marc Eugene Meyer and brother of publisher Eugene Meyer, perished.

In 1923, his son Horace sold a majority interest in Saks & Company to Gimbel Brothers, Inc. for $8 million which included Saks & Company's $4.5 million flagship store that was under construction; Horace Saks remained as president. In 1924, Horace Saks and his cousin, Bernard Gimbel, opened Saks Fifth Avenue in New York City.

From Wikipedia’s article on Andrew Saks (this version), CC BY-SA 4.0.

Sources

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