Amazon fears its $475 million investment in Saks Global is now worthless
ReutersJan 14, 2026 11:40 PM
Jan 14 (Reuters) - Online retail giant Amazon AMZN.O made a $475 million equity investment in a Saks Global company in December 2024, and it believes that investment is likely "worthless" now that Saks has filed for bankruptcy, the company said in a Wednesday court filing.
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