Neiman Marcus & Hudson s Bay Company — Saks Fifth Avenue
9 shared events · Importance 3 · Last updated Jul 01, 2026
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Neiman Marcus operates as a sister brand to Saks Fifth Avenue, both being owned by Exemplar Luxury Group (formerly Saks Global) since the acquisition of Neiman Marcus Group in December 2024. The parent company filed for Chapter 11 bankruptcy in January 2026.
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.
Hudson s Bay Company — Saks Fifth Avenue: Hudson s Bay Company — Saks Fifth Avenue is a luxury department store chain owned by VFS Global, which is reportedly preparing for bankruptcy. Its sales have declined, contributing to the parent company's financial woes.
Jan 02, 2026 · 6 articles
Business
Neiman Marcus: Neiman Marcus, acquired by VFS Global, is also undergoing restructuring with some store closures, but is expected to maintain a significant number of its luxury stores.
Hudson s Bay Company — Saks Fifth Avenue: Hudson s Bay Company — Saks Fifth Avenue is a subsidiary of VFS Global and has been significantly impacted by store closures as part of the restructuring, with many locations shuttering to optimize the company's footprint.
Apr 02, 2026 · 6 articles
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.
Hudson s Bay Company — Saks Fifth Avenue: Hudson s Bay Company — Saks Fifth Avenue is one of the luxury banners operated by Exemplar Luxury Group, and while some stores were closed during bankruptcy, it remains a key part of the company's focus.
Jun 26, 2026 · 18 articles
Business
Neiman Marcus: As a subsidiary of VFS Global>>>, Neiman Marcus>>>'s parent company's bankruptcy has indirectly benefited Macy s, Inc.>>>'s luxury segment, Macy s, Inc. — Bloomingdale s>>>.
Hudson s Bay Company — Saks Fifth Avenue: As a subsidiary of VFS Global>>>, Hudson s Bay Company — Saks Fifth Avenue>>>'s parent company's bankruptcy has indirectly benefited Macy s, Inc.>>>'s luxury segment, Macy s, Inc. — Bloomingdale s>>>.
Jun 03, 2026 · 7 articles
Business
Neiman Marcus: Partnered with Manolo Blahnik for a special U.S. 250th birthday collection; no direct impact from this event.
Hudson s Bay Company — Saks Fifth Avenue: Partnered with Manolo Blahnik for a special U.S. 250th birthday collection; no direct impact from this event.
Jul 27, 2026 · 6 articles
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