Chain Store Age
The drawn-out saga of embattled Sears Holdings Corp. may have entered its final chapter.
In a move to save the bankrupt retailer, ESL Investments, the hedge fund run by Sears chairman and CEO Eddie Lampert, submitted a $4.6 billion bid on Thursday to purchase its remaining stores, which total about 500, headquarters, distribution locations, as well as Sears brands Kenmore and DieHard. . . . more