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Tag Archives: edward lampert

Former Sears CEO to Buy Sears Hometown, Outlet Stores

sears hometown

Edward Lampert, former Sears CEO, has reached a $21 million deal to unite Sears Hometown stores with Sears and Kmart, The Wall Street Journal reports. Transform Holdco LLC, a company whose majority owner is ESL Investments, a hedge fund overseen …

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Sears Sues Former CEO Edward Lampert

edward lampert

Sears Holdings Corp. is suing its former CEO and the hedge fund he manages for allegedly funneling $2 billion in assets from the retailer, according to the Chicago Tribune. Sears claims that Edward Lampert, the company’s former CEO, “systemically picked …

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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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When Sears Soared and Stumbled

jerry hancock

Historian Jerry Hancock grew up in the shadow of Sears. He says that as a child in rural Georgia, the company influenced almost every aspect of his life. From the tools his father used around their home to the clothes …

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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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Sears Chairman Proposes $4.4B Offer to Buy Company

sears chairman

Sears will possibly avoid company liquidation because Sears chairman Edward Lampert proposed to purchase the company for $4.4 billion, according to a report from CNBC. The proposal was formally submitted through an affiliate of ESL Investments, the hedge fund Lampert …

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Sears Files for Bankruptcy Protection, Plans to Close 142 Stores

bankruptcy protection

Sears Holdings Corp. has filed for bankruptcy protection and plans to close another 142 stores. Edward Lampert will also vacate his position as the company’s CEO immediately, reports the Chicago Tribune. Three executives will fulfill Lampert’s duties as CEO, according …

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