Saks Bankruptcy Exit Gives Exemplar 49 Stores, Faces $9 Billion Sales Target
Exemplar Luxury Group, which used to be called Saks Global, finished its bankruptcy process on Friday. The company now has fewer stores and a new name. Suppliers are facing a new challenge: Exemplar, which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is looking to reach a $9 billion sales target using just 49 luxury stores.