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Is This the End of Sears Holdings?

Bankruptcy looks to be dead ahead for the once-iconic retailer......»»

Category: topSource: foxnewsOct 11th, 2018

Lampert reveals plans for Sears after bankruptcy: WSJ

Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal......»»

Category: topSource: reutersFeb 13th, 2019

Bankruptcy Judge Says He Will Approve Lampert Purchase of Sears

A bankruptcy judge said he would approve Edward Lampert’s bid to purchase Sears Holdings, a decision that will keep the doors open at more than 400 stores and see 45,000 people keep their jobs......»»

Category: smallbizSource: wsjFeb 8th, 2019

Sears will live on under Chairman Edward Lampert, who ‘has nine lives, it seems’

A plan to keep Sears Holdings Corp. alive a.....»»

Category: topSource: chicagotribuneFeb 7th, 2019

Sears will stay in business; Bankruptcy Court approves Chairman Edward Lampert"s plan to buy struggling retailer

A plan to keep Sears Holdings Corp. alive and.....»»

Category: topSource: chicagotribuneFeb 7th, 2019

Judge approves $5.2 billion sale of Sears to Eddie Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings chairman Eddie Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to narrowly avert liquidation and preserve tens of thousands of jobs......»»

Category: topSource: moneycentralFeb 7th, 2019

Judge approves $5.2 billion sale of Sears to Eddie Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings chairman Eddie Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to narrowly avert liquidation and preserve tens of thousands of jobs......»»

Category: topSource: moneycentralFeb 7th, 2019

Sears shares surge as bankruptcy judge OKs Lampert bid

Sears Holdings Corp. shares rallied Thursday as a bankruptcy judge approved Edward Lampert's bid to purchase the ailing retailer for $5.2 billion. Sears shares surged 32% to close at 76 cents. Judge Robert Drain said he would approve Lampert's pur.....»»

Category: topSource: marketwatchFeb 7th, 2019

U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to narrowly avert liquidation and preserve tens of thousands of jobs......»»

Category: topSource: reutersFeb 7th, 2019

Sears, Kmart employees to bankruptcy judge: Don't let Sears 'be a pawn in Lampert's game'

A group of current and former employees of Sears Holdings exhorted a federal bankruptcy judge to force the retai.....»»

Category: topSource: usatodayFeb 5th, 2019

Sears and Creditors Spar at Sale Hearing

Lawyers for Sears Holdings Corp. and the company’s unsecured creditors committee faced off in bankruptcy court over Edward Lampert’s bid to keep the embattled retailer alive......»»

Category: smallbizSource: wsjFeb 5th, 2019

Will Sears survive? 5 things to watch at Monday's hearing to decide the company's fate

The fate of Sears Holdings will be decided in a dramatic showdown that begins Monday in a fede.....»»

Category: topSource: usatodayFeb 4th, 2019

U.S. agency seeks approval to take over Sears pensions

A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2 billion buyout of the bankrupt retailer......»»

Category: topSource: reutersFeb 1st, 2019

Is Eddie Lampert set to 'steal' Kenmore brand? Courtroom clash will decide fate of Sears

The U.S. government's pension agency and major creditors are lining up to block a last-minute bid to save Sears Holdings .....»»

Category: topSource: usatodayJan 31st, 2019

Lampert"s bid for Sears "strains credulity" and is a "Hail Mary," say creditors

Creditors of Sears Holdings Corp. have increased their criticism of the bid for Sears by Chairman Eddie Lampert and his ESL Investments hedge fund. Earlier this month, Lampert and ESL proposed a $5.2 billion bid for the bankrupt Hoffman Estates, Illi.....»»

Category: topSource: bizjournalsJan 29th, 2019

"Years of misconduct" by Lampert and ESL precipitated Sears" demise, say creditors

"Years of misconduct" by Sears Chairman Eddie Lampert and his ESL hedge fund precipitated the demise of Sears Holdings Corp., the company's creditors alleged in bankruptcy court. Last week, Lampert won a bankruptcy auction with a $5.2 billion bid.....»»

Category: topSource: bizjournalsJan 25th, 2019

"Fill or kill": the three weeks that saved Sears

The future of Sears Holdings Cor.....»»

Category: topSource: reutersJan 22nd, 2019

Feds Prepare To Bail Out "Vast Majority" Of 90,000 Sears Pensions

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 Company's October bank.....»»

Category: blogSource: zerohedgeJan 21st, 2019

Federal agency seeks to take responsibility for Sears’ pension plans

The Pension Benefit Guaranty Corp. said it is taking steps to assume responsibility for Sears Holdings Corp.’s two defined benefit pension plans, which cover about 90,000 people.  The federal agency said it is stepping in to become responsible f.....»»

Category: topSource: bizjournalsJan 18th, 2019

Sears bid challenged by creditors who say chairman stripped company to enrich himself

Saying Sears Holdings chairman Eddie Lampert engaged in a years long "scheme'' to strip the company bare, creditors are challenging his bid to buy i.....»»

Category: topSource: usatodayJan 18th, 2019

PBGC steps in to oversee Sears" two pension plans

Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp's two pension plans, covering about 90,000 people, the U.S. government agency said on Friday......»»

Category: topSource: reutersJan 18th, 2019