Eddie Lampert, former CEO of Sears, has officially dealt with the retailer for $ 5.2 billion. (Photo: http://abcnews.go.com/)
A Federal Bankruptcy Judge announced that ESL investments would succeed Eddie Lampert last week, giving the bankrupt retailer, who also has Kmart, the light to avoid liquidity and start the second action.
The new company will be much smaller with 223 Sears and 202 Kmart stores. But he will seek to succeed in the same competitive environment that has announced more than 3,500 places, with around 250,000 jobs per sales.
Lampert said in a statement that the new Sears up the challenge.
The best possible results have now been made for all stakeholders, "said Lampert." The ESL is looking forward to a new era by Sears and Kmart who builds on their proud artists, and arriving at New ways of adapting innovation and growth to the forces that change the retail industry. "
The new business about ESL, Transform Holdco, and ESL affiliates will continue to be the same as other shopkeepers and other platforms
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While many of the senior leadership will continue to subscribe to Sears before, the retailer will look for a new CEO.
Sears will keep her doors open and close to almost like Toys R Us and The Bon Ton Stores. Veuer's # # s Sam Berman has the full story.
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