Connect with us

Headlines

Lampert Wins Sears Bid

Sears stores to remain open following bankruptcy auction

Published

on

Eddie Lampert, Chair for Hoffman Estates, Ill.-based Sears, has reportedly won the bankruptcy auction for the ailing company.

Though the details are not final and the deal must be approved by a bankruptcy judge, Lampert (through his Greenwich, Conn.-based hedge fund ESL Investments) was the only bidder looking to purchase the company as a whole. He reportedly put forth a bid upwards of $5 billion, according to Star Tribune.

This move will keep at least 400 stores open and out of liquidation as well as save tens of thousands of jobs.

Advertisement

SPONSORED HEADLINE

7 design trends to drive customer behavior in 2024

7 design trends to drive customer behavior in 2024

In-store marketing and design trends to watch in 2024 (+how to execute them!). Learn More.

Promoted Headlines

Most Popular