Core Insights - Saks Global is facing financial difficulties, including a missed interest payment of over $100 million and a potential bankruptcy situation [3] - Talks between Saks Global and Amazon regarding additional funding have not progressed significantly, and rumors about meetings between Richard Baker and Jeff Bezos are unfounded [2][3] - Saks Global has $2.8 billion in debt and overdue bills, raising concerns about its financial viability [5] Financial Situation - Saks Global missed a $100 million interest payment on December 30 and is currently in a 30-day grace period to explore options [3] - Standard & Poor's downgraded Saks Global's credit rating to "selective default," indicating skepticism about the company's ability to make payments during the grace period [3] Relationship with Amazon - Amazon previously assisted Saks Global in acquiring Neiman Marcus Group for $2.7 billion, which has contributed to Saks' current debt issues [4] - Despite the current financial struggles, Amazon may consider intervening if Saks files for bankruptcy, although it would not be the only interested party [5] Potential Interest from Other Parties - Authentic Brands Group, which has a joint venture with Saks, is reportedly interested in the situation and has experience in acquiring distressed businesses [6]