Facing a large debt payment, Sears Holdings is reportedly working with boutique consulting firm M-III Partners to prepare a bankruptcy filing. Sources familiar with the matter told The Wall Street Journal that M-III Partners staff have been at the company’s headquarters. However, the sources told WSJ that the...
Recent remarks that the CEO of Sears made in defense of his company’s poor performance may appear to highlight an issue of physical vs. digital retail, but Sears’ problems — and those of similar chains — really come down to “old guard” vs. “new guard.”...
January 16, 2019
In a development that is said to prevent Sears Holdings Corp. from closing all of its locations, Edward Lampert has reportedly won a bankruptcy court auction for the retailer. The hedge fund executive is said to have had negotiations with the retailer’s creditors and board that took place over multiple days, The Wall Street Journal […]
October 10, 2018
Facing a large debt payment, Sears Holdings is reportedly working with boutique consulting firm M-III Partners to prepare a bankruptcy filing. Sources familiar with the matter told The Wall Street Journal that M-III...
