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    dailyadda

    Amazon accuses Saks of burning millions, warns tougher action ahead

    15 hours ago

    Amazon is fiercely opposing Saks Global's bankruptcy financing plan, warning of severe actions. Having invested $475 million, Amazon now deems its stake worthless due to Saks' financial mismanagement. The e-commerce giant argues the proposed financing will further jeopardize its recovery, potentially leading to drastic measures like appointing a trustee.
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