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Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless - CNBC

By Gabrielle Fonrouge, Annie Palmer

Jan 15 2026 15:49

Amazon wants a federal judge to reject Saks Global's bankruptcy financing plan, writing in court papers the beleaguered department store "burned through hundreds of millions of dollars in less than a… [+3128 chars]