{"id":986664,"date":"2026-01-20T11:22:06","date_gmt":"2026-01-20T05:52:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=986664"},"modified":"2026-01-20T11:22:06","modified_gmt":"2026-01-20T05:52:06","slug":"amazon-is-very-unhappy-with-luxury-brand-saks-blames-it-for-burning-hundreds-of-millions-of-dollars-in-less-than-a-year-warns","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/20\/amazon-is-very-unhappy-with-luxury-brand-saks-blames-it-for-burning-hundreds-of-millions-of-dollars-in-less-than-a-year-warns\/","title":{"rendered":"Amazon is very unhappy with luxury brand Saks; blames it for &#8216;burning hundreds of millions of dollars in less than a year&#8217;; warns &#8230;"},"content":{"rendered":"<p>Amazon is very upset with luxury retailer Saks Global. The ecommerce giant Amazon is pushing back against Saks Global&#8217;s bankruptcy financing plan. Saks Global filed for Chapter 11 bankruptcy protection recently. Amazon has warned that it may seek &#8220;more drastic measures&#8221; if Saks doesn&#8217;t &#8220;resolve&#8221; its concerns. Saks is the owner of department stores Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman. The e-commerce giant invested $475 million of preferred equity in Saks Global in December 2025. As per court filing, Amazon invested the $475 million into Saks as it finalized its acquisition of Neiman Marcus Group in a $2.7 billion deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon is very upset with luxury retailer Saks Global. The ecommerce giant Amazon is pushing back against Saks Global&#8217;s bankruptcy financing plan. Saks Global filed for Chapter 11 bankruptcy protection recently. Amazon has warned that it may seek &#8220;more drastic measures&#8221; if Saks doesn&#8217;t &#8220;resolve&#8221; its concerns. Saks is the owner of department stores Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman. The e-commerce giant invested $475 million of preferred equity in Saks Global in December 2025. As per court filing, Amazon invested the $475 million into Saks as it finalized its acquisition of Neiman Marcus Group in a $2.7 [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-986664","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=986664"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986664\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=986664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=986664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=986664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}