Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has just announced it will close 15 department stores by May 2026 as part of its Chapter 11 bankruptcy restructuring. The ...

A former Saks Fifth Avenue employee was originally accused of stealing over $426,000 from the Boston location.

A trial date has been set for a former Saks Fifth Avenue employee who was accused of stealing $25,000 from the Boston store.

Walt Whitman Shops in Huntington Station, home to the last Saks Fifth Avenue store on Long Island, also needs to fill space vacated by retailer Lord & Taylor.

A former Saks Fifth Avenue employee and longtime personal shopper for Boston socialites pleaded not guilty to a felony ...

Exemplar Luxury Group exits bankruptcy, rebrands, and reduces discount stores to focus on high-end retail, aiming for stability through exclusivity and personalised service.

The retailer, now renamed Exemplar Luxury Group, was formed in 2024 through a debt-heavy merger that brought together Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, three long-established nam ...

However, several aspects of Exemplar Luxury Group’s post-bankruptcy financing complicate matters and increase its burden, analysts say.

Saks Global emerged from bankruptcy last week with fewer stores and a renewed focus on upscale luxury, as it looks to close a rocky chapter ​in its storied history.

Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman’s parent company emerged from bankruptcy on Friday. The company now has fewer than half as many total stores as it had prior to the bankruptcy.

From its Amazon split to 75% less debt, here's how Exemplar Luxury Group plans to rebuild Saks, Neiman Marcus and Bergdorf Goodman.

Saks Global is shedding bad debt and emerging from bankruptcy with a high-end focus and a new name, Exemplar Luxury Group. The reincorporated luxury retail group reduced its debt by nearly 75% through ...