Bergdorf Goodman

Founded in 1899 by Herman Bergdorf and Edwin Goodman, Bergdorf Goodman has always been the retail equivalent of a couture gown—classic, coveted and a little bit intimidating. Nestled on Fifth Avenue like a glittering jewel box, this luxury department store is famed for its ostentatious displays and a clientele that includes everyone from Hollywood royalty to New York's glitterati. Defining moments include its 2015 overhaul under the auspices of fashion mogul Linda Fargo, whose transformation of the store’s image was as dramatic as any runway show. With a current valuation strutting around $2 billion, Bergdorf's is less about sales and more about the art of indulgence. It’s collected awards like a shopaholic collects shoes, including the “Best Luxury Department Store” nod at the 2021 Fashion Awards. However, the store hasn’t sidestepped controversy—its alleged labor disputes and accusations of discriminatory hiring practices have stirred the pot more than once. Today, President Joshua Schulman presides over this retail temple with a mix of showmanship and strategic acumen, ensuring Bergdorf Goodman remains the holy grail of high fashion and high drama.