The future of Saks / Exemplar Luxury Group (ELG)

from chapter 11 to 12 outlet stores

Jun 28, 2026

∙ Paid

What is next for Saks under its new name Exemplar Luxury Group (ELG) ?

The company fka Saks Global, has just completed its financial reset. Following its filing for Chapter 11 bankruptcy back in January 2026, triggered by a $4.7 billion debt load from its 2024 acquisition of rival Neiman Marcus (shocker), which could have been preventable in a functionin…

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