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]
Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless - CNBC
Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.
By:Gabrielle Fonrouge, Annie Palmer
Source:CNBC
Published:
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