Dossier
Dave Kimbell
Coverage of Dave Kimbell in the Nexus archive.
- Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Saks Global, parent company of Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman, emerged from Chapter 11 bankruptcy with a new name, Exemplar Luxury Group, a 75% debt reduction, and $500 million in financing. The company reduced its store count, shuttering most Saks Off Fifth discount stores, and announced a strategy focused on luxury shopping experiences.