A major retail company has undergone significant changes. It now carries less debt and has reduced its number of stores. The company, which owns several well-known stores, has also adopted a new name.

Details about this development are available from news outlets. Further information can be found through FOX 4 News Dallas-Fort Worth.

The company in question is the parent of several prominent retail brands, including Neiman Marcus and others. It has emerged from a period of financial difficulty with a new identity and a more streamlined operation.