Hundreds of Sears stores could survive in “last-ditch effort” to save chain

Hundreds of Sears stores across the U.S. could be saved in what one analyst called “a last-ditch effort” by company chairman Edward Lampert to buy the company out of bankruptcy. Lampert’ ESL Investments already is Sears Holdings’ biggest shareholder and creditor. On Thursday, he outlined a $4.6 billion bid to take over the rest of the century-old retailer, according to Bloomberg. The company filed for bankruptcy protection in October, and said it would close another […]


Source: Real Estate

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