Sears saved..............
I am glad to see this as maybe than can get more competitive with Walmart, Amazon etc.
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
The billionaire's proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States.
https://www.msn.com/en-us/money/companies/sears-chairman-prevails-in-bankruptcy-auction-for-retailer-with-dollar52-billion-bid-sources/ar-BBSjc1Z
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
The billionaire's proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States.
https://www.msn.com/en-us/money/companies/sears-chairman-prevails-in-bankruptcy-auction-for-retailer-with-dollar52-billion-bid-sources/ar-BBSjc1Z
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Temporarily, maybe. The chain is moribund. If Lampert could revive it, he already would have. 0 -
quote:Originally posted by Rocky Raab
If Lampert could revive it, he already would have.
Not if he and a group already had plans to buy it [;)]0 -
I'd have to drive a full day to find a Sears store still open! 0
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