Saks Global receives court approval for $400m rescue financing

Saks Global has received approval from a US bankruptcy judge to draw on $400m in new cash, despite objections from its estranged business partner Amazon, reports The Sun.
US bankruptcy Judge Alfredo Perez approved the financing on Wednesday during a court hearing in Houston, Texas, saying that the cash would give Saks an opportunity to stabilise its business and restructure its debt, said the publication.
During the hearing, Saks chief restructuring officer Mark Weinstein said the business