Amazon.com Inc. is challenging Saks Global Enterprises’ foray into Chapter 11, saying the luxury retailer breached a deal related to the sale of Saks products on its website and that its equity investment in the now bankrupt business is “presumptively worthless.”
High-end department store conglomerate Saks Global filed for bankruptcy protection late Tuesday, marking one of the largest U.S. retail collapses since the pandemic, just a year after a deal that united Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus under one roof.
15 Jan 2026-10:14
14 Jan 2026-10:40
