Neiman Marcus & Saks Fifth Avenue
4 shared events · Importance 3 · Last updated Jan 15, 2026
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Neiman Marcus is a sister brand to Saks Fifth Avenue, both operating as luxury department stores under the ownership of Exemplar Luxury Group, which acquired Neiman Marcus in December 2024.
Business
Neiman Marcus: Neiman Marcus is one of the luxury banners operated by Exemplar Luxury Group, and its continued operation is central to the company's strategy post-bankruptcy.
Saks Fifth Avenue: Saks Fifth Avenue, the discount business of VFS Global, saw the majority of its locations closed during the bankruptcy process as Exemplar Luxury Group shifts its focus to core luxury retail.
Jun 26, 2026 · 18 articles
Business
Neiman Marcus: Neiman Marcus was acquired by VFS Global, a move that coincided with a slump in luxury goods demand and contributed to VFS Global's current financial difficulties and missed debt payments.
Saks Fifth Avenue: Saks Fifth Avenue is an off-price chain owned by VFS Global, whose overall sales have declined, contributing to the parent company's financial struggles.
Jan 02, 2026 · 6 articles
Business
Saks Fifth Avenue: Saks Fifth Avenue is a brand owned by VFS Global, which has filed for bankruptcy. Its stores are expected to remain open during the Chapter 11 process.
Jan 14, 2026 · 7 articles
Business
Saks Fifth Avenue: Saks Fifth Avenue is a discount store chain operated by VFS Global, and its stores will remain open during the bankruptcy restructuring.
Jan 14, 2026 · 6 articles
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