Amazon says its Saks Global investment is ‘worthless’
The e-commerce giant’s complaints could signal a long and contentious bankruptcy process for the luxury company.
Related Articles
Lululemon puts Get Low leggings back online — with caveats
Pulled after complaints that they were see-through, the leggings product page now advises shoppers to size up and wear skin-tone underwear.
Simon Property Group flags $100M Saks Global investment in rent dispute
The mall REIT told the bankruptcy court that the luxury department store owes more than $7 million.
Richard Baker subpoenaed for communications with ex-Saks Global CEO Marc Metrick
A committee of unsecured creditors says the Saks Global executive chairman has rebuffed requests for information as part of the luxury retailer’s bankruptcy.
Andy Jassy defends Amazon’s $200B AI investment in letter to shareholders
The e-commerce giant’s CEO noted the dominance of brick-and-mortar retail despite decades of disruption, but sees that as a massive opportunity.
Saks Global doesn’t rule out bankruptcy
The department store conglomerate says it’s “exploring all potential paths” toward stability but insists the luxury market is strong.