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| February 22, 2019

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Lampert's Archives -

Sears gets to stay in business: Bankruptcy judge OKs Eddie Lampert’s plan

February 11, 2019 |

A bankruptcy judge has blessed a $ 5.2-billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going.

The approval means roughly 425 stores and 45,000 jobs will be preserved.

Eddie Lampert’s bid through an affiliate of his ESL hedge fund overcame opposition from a group…


L.A. Times – Business

Edward Lampert’s Non-Strategy to Save Sears

October 13, 2018 |

The hedge-fund veteran spent far less than his rivals on store remodels and expansion, and was reluctant to commit capital to fresh ventures.
WSJ.com: US Business

Eddie Lampert’s Sears plan would hand his hedge fund $1 billion

October 1, 2018 |

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would be Eddie Lampert’s hedge fund.

Lampert, Sears Holdings Corp.’s chief executive officer, called this week for the underperforming retailer to stanch the bleeding by paying off certain loans — many of them…


L.A. Times – Business