Source: United Press International
“A U.S. bankruptcy judge denied Amazon.com Inc.’s effort to block a proposed financing deal to help Saks Global Enterprises stay in business amid Chapter 11 bankruptcy. Judge Alfredo Perez on Wednesday night approved an initial $400 million financing lifeline to Saks after a 7.5-hour courtroom battle between Saks and several of its creditors, including Amazon. Saks officials seek $1.75 billion to stay in business, but they will have to return to the U.S. District & Bankruptcy Court for the Southern District of Texas for further approvals. Amazon officials and other creditors objected to the proposed bankruptcy financing plan submitted by Saks Global amid the luxury retailer’s financial woes.” (01/15/26)
https://www.upi.com/Top_News/US/2026/01/15/amazon-saks-bankruptcy/2891768507714/