Group 1 - Saks Global has entered a 50-50 joint venture with Authentic Brands Group, which collects royalties from sales of various luxury brands, excluding U.S. and Canadian stores and global e-commerce [3][4] - In the event of bankruptcy, Authentic's preferred equity in Saks will be exchangeable for a 77% stake in the joint venture [4] - The joint venture involved transferring intellectual property related to Saks and other brands to subsidiaries that are not guarantors on the debtors' funded debt [5] Group 2 - Saks Global's agreement with Amazon requires the company to pay referral fees and potentially true-up payments totaling up to $900 million over eight years, which may need to be renegotiated due to the company's financial struggles [6] - The company reported a $550 million inventory shortfall, complicating its plans to rejuvenate the business and pay vendors [7] - Despite raising $600 million in new funding, Saks Global could only allocate $244 million for vendor payments, as the rest was needed for working capital amid significant EBITDA losses [8]