A major retail company has emerged from bankruptcy. Saks Global, the parent company of several well-known department stores, has officially come out of Chapter 11 bankruptcy. The company has undergone some changes, including reducing its number of stores and debt.

It also has a new strategy in place to focus on its affluent customers. The company will now be known by a new name, although only the first letter has been disclosed. For more information on the changes and the company's new name, readers can visit the source.