Tag Archives: edward lampert

Sears Holdings Corp., the estate of the former retail titan Sears, has agreed to settle a lawsuit over the $5.2 billion sale of its Sears and Kmart chains to former chairman and CEO Edward Lampert for more than $18 million, …

Transform Holdco, the owner of Sears and Kmart locations, has announced plans to shutter nearly one-third of its remaining locations, according to a report from The Washington Post. In all, 96 locations will close, leaving the once-venerable retail chain with …

Edward Lampert, former Sears CEO, has reached a $21 million deal to unite Sears Hometown stores with Sears and Kmart, The Wall Street Journal reports. Transform Holdco LLC, a company whose majority owner is ESL Investments, a hedge fund overseen …

Sears Holdings Corp. is suing its former CEO and the hedge fund he manages for allegedly funneling $2 billion in assets from the retailer, according to the Chicago Tribune. Sears claims that Edward Lampert, the company’s former CEO, “systemically picked …

As Sears emerges from bankruptcy, the company is launching a new advertising campaign and investing in small-format stores to win back customers, according to the Chicago Tribune. In February, Sears emerged from bankruptcy after a judge approved the sale of …

Historian Jerry Hancock grew up in the shadow of Sears. He says that as a child in rural Georgia, the company influenced almost every aspect of his life. From the tools his father used around their home to the clothes …

Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward …

ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation, according to a report from Reuters. The bid is valued at more than $5.2 billion and is more …