Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

NEW YORK (AP) — Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name.

The company said Friday that the new entity will be called Exemplar […] ...