Monday, October 23, 2017

Sears borrows even more money from CEO

Beleaguered Sears Holdings got another lifeline from its owner.

The department store chain received a new $40 million loan from its CEO, Eddie Lampert’s hedge fund ESL Investments. The loan is currently secured by 66 retail properties owned by Sears, according a Securities and Exchange regulatory document filed late Thursday.. . . more

No comments: