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

19 hours 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.

15 hours 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 …

14 hours ago · A U.S. bankruptcy judge has dismissed Amazon's attempt to block a proposed financing deal to aid Saks Global Enterprises during its Chapter 11 bankruptcy.

1 day ago · Amazon is challenging Saks Global’s foray into Chapter 11, saying that its equity investment in the now bankrupt business is ‘presumptively worthless.’

23 hours 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...

6 hours ago · Amazon said its 2024 investment in Saks was conditioned upon the latter entering into a commercial agreement with the e-commerce giant to sell Saks products on its website.