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Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless’ - https://www.bloomberg.com/news/articles/2026-01-15/amazon-bl... | https://archive.today/agU9h

When Saks Fifth Avenue put out feelers to sell off pieces of BergdorfGoodman, I took it as a very bad sign.

Bergdorf is the crown jewel in that portfolio. Anytime you see a corporation pawning off its winners to fund its losers, they're in very, very deep trouble.