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

The parent company of Saks Fifth Avenue and Neiman Marcus is closing more of its department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring.

Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself after obtaining about $1.75 billion in financing commitments.

An Alaska Native cultural organization and the luxury department store Neiman Marcus have settled a lawsuit over the sale of a coat with a copyrighted, geometric design borrowed from indigenous culture. The lawsuit says Neiman Marcus violated the federal Indian Arts and Crafts Act requiring that products marketed as “Indian” are actually made by Indigenous people. Neither Neiman Marcus nor its Alaska-based attorneys in the lawsuit immediately responded to emails from The Associated Press seeking comment. Sealaska said the Neiman Marcus robe violates the copyright of Clarissa Rizal, a master weaver who created the Ravenstail robe in 1996. “So, in the future, some things may be seen as a result of the settlement.”__This story corrects the spelling of Neiman Marcus.

TROY, Mich. – Police arrested two men in connection with a “shots fired” incident that happened in the parking lot of the Somerset Collection in Troy. The incident happened Sunday night at 4:30 p.m. At the time of the incident officers were responding to a report of a loud, verbal argument between two groups of men that happened inside the mall. READ: Police investigate after shots fired in parking lot of Somerset Collection in TroyPolice said shell casings were found on the scene that indicate at least two guns were involved in the shooting. There were four vehicles in the parking lot that were struck by gunfire. Police said the two men were together in a gray Impala in the Neiman Marcus parking lot when Jones exchanged gunfire with four men in another car.

TROY, Mich. – Police are investigating after witnesses reported hearing shots fired in the north parking lot of Neiman Marcus at the Somerset Collection in Troy. UPDATE: Troy police arrest 2 men accused in shots fired incident in parking lot of Somerset CollectionThe incident happened Sunday night at 4:30 p.m. At the time of the incident officers were responding to a report of a loud, verbal argument between two groups of men that happened inside the mall. Police said shell casings were found on the scene that indicate at least two guns were involved in the shooting. There were four vehicles in the parking lot that were struck by gunfire. Police believe a dark gray, gray or silver SUV with a “boxy” body style may have been involved in the incident.

If you've been thinking about getting some new furniture, maybe you'll consider this hot dog couch. Neiman Marcus is currently selling this furniture delicacy. As you can see, the base of the couch serves as the bun and then there are cucumber, tomato and hot dog pillows. If the hot dog couch is out of your price range, don't worry: Neiman Marcus is also selling a burger chair, which comes with tomato and pickle pillows. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.

If you've been thinking about getting some new furniture, maybe you'll consider this hot dog couch. Neiman Marcus is currently selling this furniture delicacy. As you can see, the base of the couch... Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.