Who is Saks Fifth Avenue Founder, Andrew Saks?

Andrew Saks (1847-1912) was a notable American businessman whose efforts laid the foundation for Saks Fifth Avenue.

Although he did not establish the store on Fifth Avenue himself, his work and vision set the stage for its eventual success.

Andrew was born in Baltimore to a German Jewish family and began his career modestly as a peddler and paperboy.

His journey in retail began in 1867 when he opened a men’s clothing store in Washington D.C. with his brother Isadore. This was the start of the Saks retail empire.

In 1902, Andrew and Isadore expanded their business to New York City, opening “Saks & Company” on 34th Street. This venture involved Andrew’s sons, Horace and William, and quickly became a family affair.

The business flourished, but Andrew passed away in 1912 before he could witness the full growth of his legacy.

The renowned Saks Fifth Avenue store owes its establishment to Andrew’s son, Horace Saks. In 1924, Horace teamed up with Bernard Gimbel to merge Saks & Company with Gimbel Brothers.

This partnership led to the opening of the luxurious Saks Fifth Avenue store, which has become a symbol of elegance and style.

Although Andrew Saks did not directly open the famed Fifth Avenue location, his early business efforts and the involvement of his family were crucial in its creation and success.

His entrepreneurial spirit and groundwork played a significant role in shaping the iconic brand we know today.

Andrew Saks Wife and Children

Andrew Saks was married to Jennie Rohr, and they had three children: Horace Andrew, William Andrew, and Leila Saks Meyer.

In 1912, Leila survived the Titanic disaster just five days after her father passed away. Tragically, her husband did not survive the sinking.

Andrew Saks Net Worth

Andrew Saks’ exact net worth at the time of his death is not publicly stated. However, his company raked in millions of dollars at the time.