Saks Global exits bankruptcy, renamed Exemplar Luxury Group

Exemplar Luxury Group, formerly Saks Global, completed its Chapter 11 restructuring on Friday and adopted a new corporate name, the company said. Through the reorganization, the company shed nearly three-quarters of its debt load and secured $500 million in fresh exit financing.

CEO Geoffroy van Raemdonck said the new name signals the company's commitment to high-end retail across all three banners. "It's a really big day for the Exemplar Luxury Group. We are starting as a new company," van Raemdonck told WWD. The three store brands — Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman — will keep their existing names and logos, the company said.

Saks Global filed for bankruptcy protection in January 2026, about 13 months after it bought Neiman Marcus Group for $2.7 billion, according to The New York Times. The deal, led by former owner Richard Baker, left the company with a lot of debt. Vendors started holding back inventory because of late payments, which sped up the company's financial troubles.

When the restructuring concluded, ABC News reported that 49 stores remained open across the three banners — a footprint that breaks down to 33 Neiman Marcus locations, 15 Saks Fift

Fuente original: Yahoo Finance (https://finance.yahoo.com/small-business/articles/saks-global-exits-bankruptcy-renamed-131232305.html)