Exemplar Luxury Group Emerges From Bankruptcy With Drastic Footprint Reductions

The parent company of Saks Fifth Avenue and Neiman Marcus has officially exited Chapter 11 reorganization under the new name Exemplar Luxury Group. According to Bisnow, the retailer managed to shed 75% of its debt while narrowing its operational focus strictly to high-end assets

The parent company of Saks Fifth Avenue and Neiman Marcus has officially exited Chapter 11 reorganization under the new name Exemplar Luxury Group. According to Bisnow, the retailer managed to shed 75% of its debt while narrowing its operational focus strictly to high-end assets