Preview - Please log in to view full article.

Article Date: February 2019
Word Count: 133

Sears Will Survive, as Court Approves Lampert Bid

A U.S. bankruptcy judge approved the $5.2 billion bid from Sears Chairman Eddie Lampert’s ESL from the New York bankruptcy court, which promises to keep it operating with a reduced footprint of 425 stores. The decision came over heated objections from other creditors and landlords who believed they would have fared better with a liquidation. Keeping Sears in business will save about 45,000 jobs, a factor that ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.