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Tag Archives: edward lampert

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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Sears CEO Makes Proposal to Buy Kenmore Brand

ESL Investments

ESL Investments, the hedge fund operated by Sears Holding Corp.’s CEO Edward Lampert, has made a formal bid to purchase the Kenmore brand from Sears, the Chicago Tribune reports. Earlier this year, it was reported that Sears was mulling the …

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Sears to Close 63 Stores; CEO Seeks Financial Partners

Sears Holdings

After closing about 400 stores in the last year, Sears has confirmed that it is set to close 63 additional locations in September. These closures include 48 Sears stores and 15 Kmarts, according to the company. The retailer published a list …

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Sears CEO Offers to Buy Kenmore, Additional Assets

sears ceo

Sears CEO Edward Lampert has offered to purchase the company’s real estate holdings, its appliance-parts business, home services offerings and the Kenmore appliances brand, The New York Times reports. The purchase would be made through ESL Investments, a hedge fund …

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