Thursday, December 6, 2018

Sears chairman/CEO Eddie Lampert submits bid to buy bankrupt chain

Chain Store Age
The drawn-out saga of embattled Sears Holdings Corp. may have entered its final chapter.

In a move to save the bankrupt retailer, ESL Investments, the hedge fund run by Sears chairman and CEO Eddie Lampert, submitted a $4.6 billion bid on Thursday to purchase its remaining stores, which total about 500, headquarters, distribution locations, as well as Sears brands Kenmore and DieHard. . . . more