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Neiman's news

Neiman Marcus' parent company emerges from bankruptcy with new name

Associated Press
Jun 29, 2026 | 2:00 pm
Neiman Marcus

The downtown Dallas flagship Neiman Marcus is still slated to close September 30.

Neiman Marcus

NEW YORK (AP) — Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name.

The company said Friday, June 26 that the new entity will be called Exemplar Luxury Group, and with an improved balance sheet, including a nearly 75% debt reduction and $500 million in extra financing. Its CEO, Geoffroy van Raemdonck, said the New York-based company is ready for its next chapter after navigating several tumultuous years.

“Today is really a brand new day for the organization and a new day where these three iconic banners have the right funding, the right equity and a bright future ahead of them,” van Raemdonck told The Associated Press.

Van Raemdonck said that the new name signifies the company's focus on having an exemplary shopping experience — the best merchandise, and better personalized service with customers, with help from its sales associates and the treasure trove of data it has on its customers. The company employs more than 1,500 sales associates who have sold more than $1 million of goods each, he said.

Saks Global had filed for bankruptcy protection in January of this year, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, in July 2024.

Before the bankruptcy, there were 33 Saks stores and 36 Neiman Marcus locations, according to the company, as well as its Bergdorf Goodman store on Fifth Avenue and roughly 70 Saks Off 5th discount stores.

Now, there are a total of 49 stores — 15 Saks Fifth Avenue stores, 33 Neiman Marcus stores and its Bergdorf Goodman store. The company shuttered most of its Saks Off Fifth discount stores, and it now has 12 outlets, the company said.

In early June, Saks Global announced that the iconic downtown Dallas location of Neiman Marcus, at 1618 Main St., will close for good. The company said it plans to close the store on September 30, 2026 and focus on its NorthPark Center location in Dallas. The company's only Houston location is at the Galleria.

Exemplar Luxury Group said it has been teaming up with Pentwater Capital Management and Bracebridge Capital throughout its restructuring process. Both firms will have two representatives on the seven-person board. In addition, van Raemdonck as well as former Ulta Beauty CEO Dave Kimbell and Philippe Schaus, who most recently served as Global CEO of Moët Hennessy, will serve on the board, the company said.

---

The story contains material from previously published CultureMap stories.

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LAUNDRY LOWDOWN

Houston dermatologist's guide to doing laundry for healthier summer skin

Gabi De la Rosa
Jun 17, 2026 | 10:31 am
Laundry
Photo by Averie Woodard
Houston's heat and humidity can increase sweat buildup on clothing, towels, bedding, and accessories. A dermatologist shares how often to wash common summer essentials to help prevent skin irritation, breakouts, and other seasonal skin concerns.

Houstonians are familiar with Texas's unofficial fifth season – sweaty season. Rising temperatures, humidity, sunscreen, and the occasional visit to the pool or the beach create the perfect storm for skin irritation. A few extra loads of laundry might not be anyone's idea of summer fun, but healthier skin could make it worth the effort.

Most people know to toss sweaty workout clothes straight into the laundry hamper, but many everyday items don't get the attention they deserve. According to Dr. Radhika Shah of Westlake Dermatology, skipping laundry day could quickly show up on a person's skin.

"Sweat can mix with bacteria and other debris from the skin when it accumulates on clothing, which can lead to odors, skin irritation, and sometimes, infection," Shah tells CultureMap.

The combination of sweat, heat, and moisture can create an environment where several common skin conditions thrive. Shah says she frequently sees issues including acne, folliculitis, irritant contact dermatitis, and yeast-related rashes such as intertrigo and tinea versicolor.

Not all fabrics handle summer heat equally

"People should look for cotton and linen (natural fabrics) over polyester and nylon (synthetic fabrics), as natural fabrics breathe better and tend to release sweat and odors more easily," Shah says.

Many might think that warm weather causes clothing fibers to trap moisture and bacteria more quickly, but Shah explains that how a fabric reacts is heavily dependent on the fabric itself. That means material can make a noticeable difference during Houston's long stretch of heat and humidity.

Laundry routines are important

Summer laundry habits can affect skin health just as much as skincare products. Shah recommends avoiding heavily fragranced detergents whenever possible and skipping fabric softeners altogether.

"Detergents with fragrance can irritate the skin further, especially in those with sensitive skin or eczema," she says. "In addition, I would try to avoid fabric softeners, which can coat fabrics and trap sweat and other skin debris."

While everyone knows to wash underwear and gym clothes on repeat, Shah says there are two commonly overlooked items that deserve more attention.

"Change your pillowcase and your hat," she says. Her recommendation is to wash pillowcases every two to four days and hats after every three to four wears.

The summer washing guide for healthy skin

Not sure how often to wash your favorite warm-weather essentials? Shah offers these guidelines for summer's hottest months.

  • Swimwear: After every wear. Chlorine, saltwater, sweat, and sunscreen residue can all linger in fabric and irritate skin.
  • Workout clothes: After every wear. This is non-negotiable during hot summers.
  • Bras: Every two to three wears.
  • Sleepwear: Every two to three wears.
  • Shorts and pants: Every two to three wears.
  • Dresses: Every two to three wears.
  • Jeans: Every three to four wears.
  • Bath towels: After three to four uses.
  • Beach towels: After every use.
  • Sheets: Weekly.
  • Pillowcases: Every two to four days.

Don't forget your beauty tools

Regular maintenance of beauty tools is also important for healthy skin, especially during the summer when sweat and sunscreen use increase. Makeup brushes, especially those used for foundation, concealer, and cream products, can accumulate oil, bacteria, dead skin cells, and product buildup. Dermatologists recommend washing foundation and concealer brushes weekly, while powder brushes can typically be cleaned every 1 to 2 weeks.

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