The Daily Overview on MSN
Amazon threatens drastic move after Saks bankruptcy as $475M stake goes to $0
Amazon is staring at a $475 million investment in Saks Global that it now values at zero, and it is not taking the loss ...
The Daily Overview on MSN
Amazon calls its $475M Saks stake 'worthless' as bankruptcy fight erupts
Amazon's high-profile bet on luxury retail has curdled into a courtroom brawl, with the company now telling a bankruptcy ...
The luxury retailer has struggled with slow sales and debt relating to its recent acquisition of rival Neiman Marcus.
The iconic luxury retailer has a location at the American Dream mall. Saks' purchase of Neiman Marcus saddled it with $2 ...
Saks Fifth Avenue shopping sprees aren’t over just yet. The Chapter 11 bankruptcy of Saks Global, the parent company of Saks ...
The company missed an interest payment of over $100 million, leading to expectations of an imminent Chapter 11 filing or asset sales due to heavy leverage.
Amazon challenges Saks’ Chapter 11 financing, warning a $1.75B deal could harm unsecured creditors and make its equity stake ...
Saks Global has filed for Chapter 11 bankruptcy and appointed former Neiman Marcus Group CEO Geoffroy van Raemdonck as CEO.
A major legal battle is underway between Amazon and Saks Global, with the e-commerce giant vowing to use “all available legal ...
The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales ...
Saks Global, the conglomerate behind Saks Fifth Ave., Bergdorf Goodman, and Neiman Marcus, officially filed for bankruptcy ...
A U.S. bankruptcy judge has dismissed Amazon's attempt to block a proposed financing deal to aid Saks Global Enterprises ...
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