Neiman Marcus & Hudson s Bay Company — Saks Fifth Avenue

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.

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.

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.