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credit John F. Kennedy Presidential Library & Museum; National Archives and Records Administrat…
credit John F. Kennedy Presidential Library & Museum; National Archives and Records Administration, MO 2009.3.151.46
Saks Fifth Avenue
credit John F. Kennedy Presidential Library & Museum; National Archives and Records Administration, MO 2009.3.151.46

Saks Fifth Avenue

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Saks Fifth Avenue is the successor of a business founded by Andrew Saks in 1867 and incorporated in New York in 1902 as Saks & Company. Saks died in 1912, and in 1923 Saks & Co. merged with Gimbel Brothers, Inc., which was owned by a cousin of Horace Saks. Bernard Gimbel, operating as a separate autonomous subsidiary. On September 15, 1924, Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.