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

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Photo: KSAT 12 (ABC) - San Antonio News · view original

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 E...

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