Apr
25
Sears C.E.O. Seeks to Buy the Retailer’s More Valuable Parts
ByThe chief executive of Sears is its largest shareholder and a major lender to the company. Now, he wants to be its savior, after the retailer tried — unsuccessfully — to find buyers for some of its more valuable brands.
The chief executive, Edward S. Lampert, said the hedge fund he controls would be willing to buy Sears’s real estate holdings, its appliance-parts business and the Kenmore appliances brand, among other assets. The proposed deal, outlined by Mr. Lampert to the Sears board in a letter released Monday, would infuse the company with new funds as it tries to pay down billions in debt…
Sears C.E.O. Seeks to Buy the Retailer’s More Valuable Parts
