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ASSOCIATED PRESS · GLOBAL ·

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name - AP News

As reported by Associated Press
Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name. The company said Frid…
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Saks Global, parent of Neiman Marcus and Saks Fifth Avenue, successfully emerged from Chapter 11 bankruptcy. The company restructured with fewer stores, significantly less debt, and a refined strategy aimed at affluent customers. This emergence marks a new chapter for the luxury…

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