Saks Global exits Chapter 11 as Exemplar Luxury Group
Key takeaways
- Saks Global exits Chapter 11 as Exemplar Luxury Group.
- The company, which operates Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, said it has entered new ownership with a "strengthened" balance sheet, "sufficient" liquidity and a rationalised store estate.
- ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.
Saks Global exits Chapter 11 as Exemplar Luxury Group. The board of directors has been reconstituted following the emergence. Credit: Ken Wolter/Shutterstock.com. · Retail Insight Network · Ken Wolter/Shutterstock.com. Shubhendu Vimal Mon, June 29, 2026 at 4:15 PM GMT+7 2 min read ULTA PEP PG BBY Saks Global has completed its Chapter 11 restructuring and re-emerged under the name Exemplar Luxury Group (ELG), cutting its total debt by close to 75%.
The company, which operates Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, said it has entered new ownership with a "strengthened" balance sheet, "sufficient" liquidity and a rationalised store estate.
ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.