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https://www.theguardian.com/busines...quidation-takeover-deal-bankruptcy-protection
Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offer
Sears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert.
The 126-year-old company has been struggling for years and filed for bankruptcy protection in October. The failure to strike a deal to stave off collapse will make it the most high-profile victim in the apocalyptic wave of bankruptcies sweeping over the US bricks-and-mortar retail sector.
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Sears gas come a long way (down) since as a kid we used to look forward to getting their huge catalogs in the mail each year. They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.
Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offer
Sears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert.
The 126-year-old company has been struggling for years and filed for bankruptcy protection in October. The failure to strike a deal to stave off collapse will make it the most high-profile victim in the apocalyptic wave of bankruptcies sweeping over the US bricks-and-mortar retail sector.
=====================================================
Sears gas come a long way (down) since as a kid we used to look forward to getting their huge catalogs in the mail each year. They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.