Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless

Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.

# Amazon threatens 'drastic' action after Saks bankruptcy, says $475M stake is now worthless Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors. **Read the full article:** [CNBC](https://www.cnbc.com/2026/01/15/amazon-says-saks-investment-is-worthless-after-bankruptcy.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*