Bankrupt retailer Saks Global is ending its partnership with Amazon.com, citing limited brand participation and a desire to focus on growth. The partnership stemmed from Amazon’s $475 million investment in Saks in 2024, with Saks agreeing to pay Amazon at least $900 million over eight years. Court battles may ensue over collateral issues.
Read more at Yahoo Finance: Exclusive-Saks ending e-commerce partnership with Amazon, source says
