Amazon (AMZN) Opposes Saks Global's Bankruptcy Financing, Claims Equity Stake Worthless
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy AMZN?
Source: seekingalpha
- Bankruptcy Financing Dispute: Amazon opposes Saks Global's proposed $1.75 billion bankruptcy financing, arguing that it would impose billions in new obligations on the retailer, potentially harming Amazon and other unsecured creditors' interests.
- Breach of Agreement Allegations: Amazon claims Saks violated an agreement related to selling Saks products on its platform, asserting that this breach renders its equity stake in the bankrupt company 'presumptively worthless,' escalating the legal conflict between the two companies.
- Creditor List Revealed: Saks' bankruptcy filing lists several luxury brands as major unsecured creditors, including Chanel with over $136 million owed, Kering at $59.9 million, and LVMH at approximately $26 million, highlighting the severity of its financial distress.
- Cash Flow Crisis Context: Saks Global filed for bankruptcy protection due to cash flow issues, facing not only Amazon's legal challenges but also significant debt pressures from other luxury brands, reflecting the tough landscape in the luxury retail sector.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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