Sears, struggling with poor sales and dwindling revenue is once again borrowing money from its CEO in a bid to stay afloat.
Friday, February 2, 2018
Sears turns to CEO to borrow money - again
USA Today
Sears, struggling with poor sales and dwindling revenue is once again borrowing money from its CEO in a bid to stay afloat.
In
a filing with the Securities and Exchange Commission, the company said
it has borrowed $210 million, much of it from lenders controlled by
ESL Investments, which is owned by Sears Holdings CEO, Edward Lampert. . . . more
Sears, struggling with poor sales and dwindling revenue is once again borrowing money from its CEO in a bid to stay afloat.
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