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Tag Archives: Bankruptcy

Stanley Black & Decker Questions ‘Real Home’ of Craftsman

Stanley Black & Decker

Stanley Black & Decker has filed a lawsuit to prevent Sears from calling itself the “real home” of the Craftsman brand, according to the Chicago Tribune. Stanley Black & Decker purchased the brand from Sears in 2017 in a deal ... Read More »

Sears Emerges From Bankruptcy Proceedings

ESL Investments

Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward ... Read More »

Sears Chairman’s Hedge Fund Wins Bankruptcy Auction

sears

ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation, according to a report from Reuters. The bid is valued at more than $5.2 billion and is more ... Read More »

Chairman Prepares Revised Bid to Save Sears

sears

Edward Lampert, chairman and former CEO of Sears, has announced a new $5 billion plan to save the company, according to a report from Reuters. Lampert’s revised offer will be reviewed by Sears at a Jan. 14 bankruptcy auction. The ... Read More »

Former CEO Makes $4.6B Bid to Save Sears

edward lampert

ESL Investments, the hedge fund managed by former Sears CEO and current chairman Edward Lampert, has presented a plan to keep the company in business and save about 50,000 jobs, the Chicago Tribune reports. The bid “includes about 500 Sears ... Read More »