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Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion. [1] On June 3, 2019, it was announced that Transformco would acquire Sears Hometown and Outlet Stores. As per the deal, Sears Hometown might need to divest its Sears Outlet ...
On October 10, 2018, it was reported that Sears Holdings had engaged advisors regarding an imminent bankruptcy filing. [44] [45] The company filed for Chapter 11 bankruptcy protection on October 15, 2018, in New York; the same day that a $134 million debt payment was due, [46] and will close 142 stores, including 63 Kmart stores and 79 Sears ...
Lampert, stepped down as CEO at the time, but remained as chairman until his namesake hedge fund won a bankruptcy auction in Feb. 2019, striking a $5.2 billion deal that rescued the Illinois-based ...
Sears CEO Eddie Lampert has blamed the company's decline on the media, shifts in consumer spending, and the rise of e-commerce, among other reasons. Sears has filed for Chapter 11 bankruptcy Skip ...
When former parent Sears Holdings filed for Chapter 11 bankruptcy protection on October 15, 2018, Sears Hometown and Outlet Stores was not affected due to having been spun off from Sears since 2012. [16]
Sears filed for Chapter 11 bankruptcy protection in White Plains, New York earlier on Monday with a plan to close about 142 of its 700 stores by year-end and sell its best-performing stores in an ...
Sears filed Chapter 11 bankruptcy on Monday with a plan to close 142 stores, throwing into doubt the future of a century-old retailer that once dominated U.S. malls but has withered in the age of ...
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P) Companies that filed for Chapter 11 bankruptcy in 2025 (18 P)