Neiman Marcus
Coverage of Neiman Marcus 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.
- 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 75% debt reduction, $500 million in new financing, and a rebrand as Exemplar Luxury Group. The company closed most of its Saks Off 5th discount stores and now operates 49 total stores, partnering with Pentwater Capital Management and Bracebridge Capital during its restructuring.
- Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy with reduced debt, fewer stores, a more focused strategy to serve the affluent, and a new name.
- 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 75% debt reduction, $500 million in financing, and a new name, Exemplar Luxury Group. The company closed most of its Saks Off 5th discount stores and now operates 49 total stores, partnering with Pentwater Capital Management and Bracebridge Capital during its restructuring.
- Neiman Marcus to lay off 67 employees as landmark Dallas flagship slated to close for good
Neiman Marcus will close its landmark Dallas flagship store on Sept. 30 after over a century, resulting in 67 employee layoffs.
- Manhattan DA claims fashion designer ran ‘sweatshop’ in midtown studio
Manhattan DA Alvin Bragg charged fashion designer Andrea Marshall with stealing $54,000 in wages from nine employees at her midtown studio, alleging exploitative 17-hour workdays and unpaid labor. Marshall's company, Salon 1884, faces charges including grand larceny and failure to pay wages, with employees working over 100 hours in some weeks.
- In memory of Neiman Marcus
Neiman Marcus, a 112-year-old department store in downtown Dallas, will permanently close on September 30. The article notes its closure with 'Rest in peace.'
- Dallas leaders warn downtown departures could hurt Southern Dallas
Dallas city leaders warn that the departure of major downtown entities like the Mavericks, Stars, and Neiman Marcus could harm Southern Dallas communities reliant on the urban core's economy. Council members emphasize the need to retain investments in downtown rather than let them shift to suburbs like Plano.
- Neiman Marcus downtown Dallas store to close for good
Neiman Marcus' downtown Dallas store will close permanently on September 30, 2026, as Saks Global shifts focus to the larger NorthPark Center location. The decision follows declining foot traffic in downtown Dallas, and elements like the Zodiac Room and Bridal Salon will be integrated into the NorthPark store.