Day: December 6, 2018

Sears Chairman Eddie Lampert submits $4.6 billion proposal to help save the bankrupt retailer with the purchase of 500 stores.

Sears Holdings, which owns Sears department stores and Kmart, filed for bankruptcy on Oct. 15. In previous court filings, it has said it was in talks with ESL about a “going concern bid” that could help the company emerge from bankruptcy.

Advertisements