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Posted on 1/8/19 at 9:14 am to member12
quote:
I guess they think they can get more for the Sears real estate and inventory?
Likely. They still own the Kenmore and DieHard brands which may bring some $$$ from a buyer, other companies may buy their home services business and/or their smaller stores in rural areas, plus they lease most of their facilities so in liquidation those costs go away after a shorter period than the leases.
Posted on 1/8/19 at 12:38 pm to member12
quote:
I guess they think they can get more for the Sears real estate and inventory?
Lampert owns a majority of real estate; especially the highest valued properties around the country. When SEARS was in dire need of money to stay afloat, Lampert and his ESL investment company loaned SEARS $500M in exchange for the real estate and property. Lampert then leased the property back to SEARS. So even if SEARS goes bankrupt, Lampert can then sell or lease the properties for millions/billions. This dude is shady as shite and used SEARS to increase his fortune.
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