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Judge denies Amazon's effort to block Saks Global bankruptcy
UPI· 2026-01-15 20:29
A bankruptcy judge in Texas on Wednesday night okayed a $400 loan to help keep Saks Fifth Avenue parent Saks Global in business despite opposition from Amazon and other creditors. File Photo by Bill Greenblatt/UPI | License Photo Jan. 15 (UPI) -- A U.S. bankruptcy judge denied Amazon.com Inc.'s effort to block a proposed financing deal to help Saks Global Enterprises stay in business amid Chapter 11 bankruptcy. Judge Alfredo Perez on Wednesday night approved an initial $400 million financing lifeline to Sak ...