Sears chairman keeps his cash on sidelines as retailer plans to auction top stores

Ditulis oleh: kareem kalby

Dipublikasikan: Selasa, 06 November 2018

For once, Sears Holdings Corp. Chairman Edward Lampert is keeping his wallet in his pocket.

Sears is closing in on a deal with new lenders to finance it through its bankruptcy, according to a person with knowledge of the situation. Lampert and his hedge fund, ESL Investments, won't be participating.

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