Few people on Wall Street believe in Eddie Lampert like Eddie Lampert.
Thirteen years after merging Sears, one of America’s most iconic
retailers, with the budget Kmart chain, the hedge-fund billionaire is
moving -- again -- to salvage what he can.
His latest plan, announced Monday, would have his ESL Investments
Inc. buy Kenmore, Sears’s well-known appliance brand, as well as several
other businesses. In other words, Lampert, also chief executive officer
of Sears Holdings Corp., wants to sell what is perhaps Sears’s last
jewel to his own hedge fund -- at least if other bidders don’t emerge.. . . more