Geoffroy van Raemdonck
Coverage of Geoffroy van Raemdonck 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, 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.