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Jan 16, 2026 4:50 AM

Amazon Loses Fight To Block Saks Bankruptcy Financing, Says Report: Company Warns Of 'Drastic Remedies'

A U.S. bankruptcy judge has dismissed Amazon.com Inc.‘s (NASDAQ:AMZN) attempt to block a proposed financing deal to aid Saks Global Enterprises during its Chapter 11 bankruptcy.

On Thursday, Judge Alfredo Perez approved a preliminary $400 million financing package for Saks following a courtroom battle between the retailer and several creditors, including Amazon, reported Reuters.

Saks is seeking $1.75 billion to continue operations, but will need further approvals from the U.S. District & Bankruptcy Court for the Southern District of Texas.

Amazon Warns Of Drastic Remedies

Amazon’s investment in Saks has been a point of contention. The e-commerce giant had filed an objection with its concerns about the retailer’s financial management, arguing that Saks had “burned through hundreds of millions ...