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Sears filed for bankruptcy last year. A few years ago Eddie Lampert, a Wall Street investor, tycoon billionaire bought Sears up out of bankruptcy, and agreed at the time to … Read more
www.cnbc.com/2019/04/18/sears-sues-eddie-lampert-steven-mnuchin-others-for-alleged-thefts.html Sears accuses its former CEO Eddie Lampert of stealing billions of dollars from the once-storied retailer. Sears Holdings filed for bankruptcy in October, after years of losses under Lampert, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Greed and scheming. The team that is picking through what is left of bankrupt Sears Holding Corp. has filed a lawsuit today against former CEO Eddie … Read more
NEW YORK (AP) – Sears and Kmart live another day as judge approves $5.2 billion plan to keep stores open. — WSIL News (@WSILNews) February 7, 2019
via Zerohedge: The Pension Benefit Guaranty Corp (PBGC) said in a Friday press release that it believes Sears Holdings Corp’s “continuation of the plans is no longer possible” following the … Read more
NEW YORK (Reuters) – 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, … Read more
DEVELOPING: Sears plans to close all stores after 126 years in businessREAD MORE: t.co/OBWvGz9U2v — LIVE Breaking News (@NewsBreaking) January 8, 2019 Sears has not accepted Chairman Eddie Lampert’s bid … Read more
Sears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. Sears on Tuesday had planned to tell the bankruptcy court … Read more
Via ZeroHedge Sears Holdings Corp is readying plans for a liquidation after Chairman Eddie Lampert’s bid to pull approximately 425 stores out of bankruptcy was rejected, according to Bloomberg, citing people … Read more
Sears could face liquidation within 24 hours from CNBC. via CNBC: The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 … Read more
So the employees get the shaft while the executives who drove the company into bankruptcy get bonuses. Sounds about par for the course in the good ole U S of … Read more
Must be nice to get a 25 million dollar bonus from a bankrupt company. www.cbsnews.com/news/sears-bankr…top-execs/ Working for a bankrupt retailer still has it perks — at least if you’re among … Read more
For years, there have been reports of Sears death spiraling toward the corporate graveyard alongside other popular brick-and-mortar retailers. The company, once one of the great brands of America, has … Read more
by COMPUTER1313 www.wsj.com/articles/sears-hires-advisers-to-prepare-bankruptcy-filing-1539136189 www.cnbc.com/2018/10/10/sears-reportedly-preparing-for-bankruptcy-filing-as-soon-as-this-week.html Sears, which has been losing money for years, has $134 million in debt due on Monday. Edward Lampert, the hedge-fund manager who is Sears’s chairman, chief … Read more
Sears Holdings is closing at least three additional stores as the retailer faces serious questions about its future heading into the crucial holiday shopping season. The company is closing one … Read more
by Michael Snyder Over 20 major retailers have filed for bankruptcy since the beginning of last year, and in 2018 we may break the all-time record for annual store closings that … Read more