Amazon Loses Fight To Block Saks Bankruptcy Financing, Says Report: Company Warns Of 'Drastic Remedies'

Key Highlights

• Saks is seeking $1.75 billion to continue operations, but will need further approvals from the U. S.
• District & Bankruptcy Court for the Southern District of Texas.
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• This Platform Lets Everyday Investors Access Private Tech Early Amazon Warns Of Drastic Remedies Amazon’s investment in Saks has been a point of contention.
• The e-commerce giant had filed an objection with its concerns about the retailer’s financial management, arguing that Saks had “burned through hundreds of millions of dollars in less than a year” and failed to meet their agreement.