Friday, January 18, 2019

Sears gets saved but still same ol' retailer

FOX Business
Former Sears CEO Eddie Lampert is on a mission to save the bankrupt retailer, but even if his latest bid to keep hundreds of stores open receives approval, there remains a rough road ahead for the once-iconic department store chain.

Lampert’s revamped $5.2 billion bid – submitted through his hedge fund ESL Investments – to keep hundreds of stores open and prevent the 126-year old retailer from liquidating still faces approval in bankruptcy court – but a judge is far from the final hurdle the businessman faces to keep the retailer alive.. . . more