亚马逊在周三提交的文件中表示，此项投资还附带一项协议，要求Saks在该电商巨头的平台上销售商 品，其中包括推出 "亚马逊Saks专区"。亚马逊称，作为回报，Saks同意支付推荐费，并承诺在八年时间 内向亚马逊支付至少 9 亿美元的款项。 亚马逊在诉状中指控："Saks始终未能达成业绩目标，在不到一年的时间里耗尽了数亿美元资金，还拖 欠零售合作伙伴数亿美元的未付账款。" Saks的首席重组官马克・温斯顿于周三作证称，该零售商迫切需要额外融资，以维持向供应商付款、支 付员工薪资及承担其他运营开支。 法官驳回了亚马逊公司针对Saks环球企业申请破产保护（第十一章破产程序）的首轮异议，批准为该破 产案提供短期融资。 这家电商巨头声称，这家奢侈品零售商违反了双方关于在亚马逊网站销售Saks商品的协议，且其对这家 现已破产企业的股权投资 "推定已毫无价值"。经过一场长达 7.5 小时的深夜庭审，Saks成功获批获得约 4 亿美元的现金支持，但在未来几周内仍需重返法庭，寻求总额 17.5 亿美元融资方案的最终批准。 亚马逊及其他反对该融资方案的债权人，仍可再次尝试说服美国破产法院法官阿尔弗雷多・佩雷斯废止 或修改这项债务协 ...

Core Viewpoint - Amazon has raised concerns regarding Saks Global's bankruptcy protection application, claiming the luxury retailer violated agreements related to selling Saks products on its platform and considers its equity investment in Saks to be "presumed worthless" [1][2]. Group 1: Amazon's Investment and Concerns - In 2024, Amazon acquired a minority stake in Saks as part of a deal facilitating Saks' $2.65 billion acquisition of Neiman Marcus, investing $475 million in preferred stock [2]. - Amazon's investment was contingent upon Saks selling products on its platform, with Saks agreeing to pay at least $900 million in fees over eight years [2]. - Amazon alleges that Saks has consistently failed to meet budget expectations, burning through hundreds of millions of dollars in less than a year and owing its retail partners significant amounts [2]. Group 2: Saks Global's Financial Situation - Saks has faced negative reports regarding cash flow issues and supplier payment defaults since the second half of 2025, including a failure to pay $100 million in interest by December 2025, resulting in actual default [1]. - A U.S. judge allowed Saks to access "debtor-in-possession" financing, with the company urgently needing additional funds to continue paying suppliers and covering operational costs [2]. - Saks is seeking court approval to withdraw an initial $400 million from the financing arrangement, with the remaining funds to be accessed later in the Chapter 11 bankruptcy process [2]. Group 3: Dispute Over Financing - Prior to Saks' bankruptcy protection application, Amazon indicated it would oppose the company's financing arrangements, claiming Saks needed its consent for key loan components, which Amazon refused [3]. - Saks proceeded with financing arrangements from existing lenders, asserting that this would strengthen its business, while stating that all its brand stores would continue to operate as usual [3].