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 7
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 percent, reports Yahoo Finance. 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 […]
