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

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

Amazon package and Saks Fifth Avenue bag. Getty Images 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 year” and failed to hold up their agreement.  When Saks acquired Neiman Marcus for $2.7…

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