Friday, February 2, 2018

Sears turns to CEO to borrow money - again

USA Today

Sears, struggling with poor sales and dwindling revenue is once again borrowing money from its CEO in a bid to stay afloat.

In a filing with the Securities and Exchange Commission, the company said it has borrowed $210 million, much of it from lenders controlled by ESL Investments, which is owned by Sears Holdings CEO, Edward Lampert. . . . more