News Brief: Amazon Objects to Saks Bankruptcy Financing
Summary
Amazon has formally objected to Saks Global’s Chapter 11 bankruptcy financing plan, arguing it unfairly harms creditors and devalues Amazon’s $475 million investment. The tech giant threatens further legal action if its concerns are not addressed.
Key Points
- Legal Objection: Amazon filed an objection in court, asking a judge to reject Saks’ proposed $1.75 billion bankruptcy financing plan.
- Investment Loss: Amazon states its $475 million investment from the 2024 Neiman Marcus acquisition deal is now “presumptively worthless.”
- Core Complaints: Amazon claims the new financing plan improperly subordinates its claims and burdens Saks with new debt, harming all creditors.
- Broken Deal: The 2024 deal included launching “Saks at Amazon” and guaranteed Amazon at least $900 million in fees over eight years.
- Saks’ Position: A bankruptcy judge allowed Saks initial access to the new financing to avoid immediate liquidation while considering Amazon’s objection.
- Potential Escalation: Amazon may seek “more drastic remedies,” including the appointment of an examiner or trustee to oversee the process.
新闻简报：亚马逊反对萨克斯百货破产融资计划
摘要
亚马逊已正式对萨克斯全球的Chapter 11破产融资计划提出异议，认为该计划不公平地损害了债权人利益，并导致其4.75亿美元投资贬值。这家科技巨头警告，如果其担忧得不到解决，将采取进一步法律行动。
关键点
- 法律异议：亚马逊向法院提交异议，要求法官驳回萨克斯提出的17.5亿美元破产融资计划。
- 投资损失：亚马逊表示，其在2024年尼曼马库斯收购交易中投入的4.75亿美元现在”推定为毫无价值”。
- 核心投诉：亚马逊声称新融资计划不当降低了其债权的清偿优先级，并给萨克斯增加了新债务，损害了所有债权人。
- 交易破裂：2024年的协议包括在亚马逊平台开设”Saks at Amazon”商店，并保证亚马逊在八年内获得至少9亿美元费用。
- 萨克斯现状：破产法官已允许萨克斯初步动用新融资以避免立即清算，同时仍在考虑亚马逊的异议。
- 可能升级：亚马逊可能寻求”更激烈的补救措施”，包括任命审查员或托管人来监督破产程序。
Original Article Link: https://www.cnbc.com/2026/01/15/amazon-says-saks-investment-is-worthless-after-bankruptcy.html