Business Insider6y
These haunting photos of the retail apocalypse reveal a new normal in America as Sears clings on after closing hundreds of stores
Lampert's hedge fund, ESL Investments, said last week that its $5 billion bid would save up to 50,000 jobs and keep about 400 stores open. The plan still must be approved by the bankruptcy court.
Business Insider5y
Sears just got a $150 million lifeline from lenders including Eddie Lampert as it racks up losses less than a year after filing for bankruptcy
Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the department store chain over the last decade until its financial collapse last year.
Women's Wear Daily18y
Charting Next Move: Gap Board Said to Meet as Sale Talk Swirls
chairman of Sears Holdings and founder of ESL Investments, could make a run at Gap Inc. From Lampert’s perspective, the retailer’s huge cash flow could be diverted from paying dividends and ...
Business Insider India6y
Eddie Lampert's hedge fund lambasts Sears creditors for 'highly aggressive' plan to kill off the company once and for all
Now ESL Investments, the hedge fund led by Sears chairman Eddie Lampert, is hitting back, calling the creditors' demands "highly aggressive" and accusing them of trying to profit off Sears' demise.
Supermarket News20y
SAFEWAY ADVISES KEEPING CEO, CHAIRMAN TOGETHER
Meanwhile Edward Lampert, founder of ESL Investments, the New York hedge fund that helped Kmart, Troy, Mich., out of bankruptcy, has accumulated a 2% stake in Safeway, according to a report last week.