Published on June 29, 2026
Jeremy Moeller/GC Images
Saks’s plan to get back to the top is to get back to its roots.
The parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has emerged from bankruptcy protection with a renewed focus on luxury shopping and services, and changed its name from Saks Global to Exemplar Luxury Group. The company’s leadership hopes that shrinking the luxury department store’s footprint, cutting costs on the corporate level, and focusing on customized experiences wealthy shoppers will put the company on solid footing after declaring Chapter 11 bankruptcy in January of this year.
“It’s going to reimagine what the luxury experience is,” the company’s chief executive officer Geoffroy van Raemdonck told The New York Times. “We’re very realistic that you need to walk before you can run, so there’s different phases, but that new day is so long awaited.”
