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Home Tag Archives: Kmart

Tag Archives: Kmart

Sears, Kmart staves off liquidation, stores to remain open

By Michael
January 16, 2019
in :  Business
Comments Off on Sears, Kmart staves off liquidation, stores to remain open
4,508

NEW YORK (AP) — Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation publicly. Lampert, …

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