Amazon News Today: Amazon Blasts Saks Funding Deal, Calls Its Equity “Worthless”

The latest Amazon news today has sent shockwaves through the retail and investment world. Amazon has openly criticized a major funding deal involving Saks Global, going as far as calling its equity stake in the luxury retailer worthless. This strong statement has raised serious questions about valuation, governance, and the future of one of America’s most well known luxury brands.