Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.

10 hours ago · Amazon, a major financial backer of Saks Global, has said it is prepared to take drastic action to secure its investments after the struggling luxury retailer filed for bankruptcy. On …

1 day ago · A major legal battle is underway between Amazon and Saks Global, with the e-commerce giant vowing to use “all available legal remedies” to recover $475 million it claims it is owed in the ...

1 day ago · Amazon said its $475M stake in Saks is 'presumptively worthless' and that it may seek 'more drastic remedies' if Saks doesn't 'resolve' its concerns.

1 day ago · A major company has threatened 'drastic' action in a popular retailer's bankruptcy plan.

1 day ago · Amazon is challenging Saks Global Enterprises’ foray into Chapter 11, saying the luxury retailer breached a deal related to the sale of Saks products on its...

Amazon filed an objection to Saks Global’s bankruptcy financing plan on the grounds it could harm creditors and push the tech company further down the repayment pecking order. The tech company …