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Tag Archives: Bankruptcy

Pay Attention to These Financial Warning Signs

Many small business owners struggle to identify financial pitfalls or get help before problems become disastrous for their retail operations. Attorney R. Scott Williams from Rumberger, Kirk & Caldwell took questions on issues that signal danger and what to do …

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Sears Launches New Marketing, Small-Format Stores

small-format stores

As Sears emerges from bankruptcy, the company is launching a new advertising campaign and investing in small-format stores to win back customers, according to the Chicago Tribune. In February, Sears emerged from bankruptcy after a judge approved the sale of …

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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 …

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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 …

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Sears Chairman’s Hedge Fund Wins Bankruptcy Auction

edward lampert

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 …

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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 …

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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 …

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