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Sears Says Lampert Wins Auction, Bid Valued at $5.2 Billion

2019-01-17 20:30:09| National Real Estate Investor

The agreement with ESL still needs to be approved by a federal bankruptcy judge at a hearing scheduled for Feb. 1.

Tags: bid auction billion wins

 

Sears retail chain in $5.2bn rescue plan

2019-01-17 18:44:01| BBC News | Business | UK Edition

Sears' controversial chairman Eddie Lampert's multi-billion dollar offer will keep 400 stores open.

Tags: plan retail chain rescue

 
 

Sears avoids liquidation but remains a "broken business"

2019-01-16 16:12:00| Daily apparel & textile news and comment - from just-style.com

Edward Lampert, chairman of Sears Holdings, has prevailed in a bankruptcy auction for the troubled department store retailer, having sweetened his takeover bid to US$5.2bn. But while the move means about 400 stores will remain open, one analyst warns Sears is still a "broken business that is surrounded by gloom".

Tags: business remains broken liquidation

 

Lampert Is Said to Present New Sears Offer as Talks Continue

2019-01-15 18:32:53| National Real Estate Investor

Eddie Lampert will present another bid for Sears later today.

Tags: present offer continue talks

 

Lampert makes new US$5bn attempt to save Sears

2019-01-11 13:24:00| Daily apparel & textile news and comment - from just-style.com

Edward Lampert, chairman of Sears Holdings is understood to have thrown yet another lifeline to the troubled department store retailer, having made a new takeover bid of more than US$5bn.

Tags: save makes attempt sears

 

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