Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless

Jan 15, 2026 - 21:00
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Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless
Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.