亚马逊炮轰萨克斯融资协议 称其股权“已无价值”

Core Viewpoint - Amazon opposes Saks Fifth Avenue's bankruptcy restructuring application, claiming the luxury retailer violated their sales agreement and that Amazon's equity investment is presumed to be worthless [1][4]. Group 1: Amazon's Position - Amazon argues that Saks' proposed financing of up to $1.75 billion will burden the company with billions in new debt and harm the interests of Amazon and other unsecured creditors [1][4]. - Amazon invested $475 million in preferred stock as part of a deal that helped Saks acquire Neiman Marcus for $2.65 billion in 2024 [1][4]. - The agreement required Saks to sell products on Amazon's platform, including launching an "Amazon Saks section," with Saks agreeing to pay at least $900 million over eight years [1][4]. Group 2: Saks' Financial Situation - Saks' Chief Restructuring Officer, Mark Winston, stated the company urgently needs additional financing to maintain payments to suppliers, employee salaries, and other operational expenses [2][5]. - Saks is seeking an initial draw of $400 million from the court, with remaining funds to be disbursed in later stages of the bankruptcy restructuring process [2][5]. - Saks' advisors indicated that without immediate funding, the company faces liquidation risks [5]. Group 3: Legal Proceedings - A U.S. bankruptcy court judge approved Saks' use of debtor-in-possession financing during the initial hearing [5]. - Despite Amazon's refusal to approve a key term of the financing, Saks is proceeding with a financing plan from its existing lenders [3][6].