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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.

 


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