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Sears is down to its last 24 hours as a company per CNBC
Posted on 12/27/18 at 8:22 pm
Posted on 12/27/18 at 8:22 pm
CNBC
Sad the CEO blew this company up for his own financial gain instead of innovating the company to compete in the modern day ecommerce world.
Sears, the 125-year-old icon, has 24 hours to survive.
The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces.
Sad the CEO blew this company up for his own financial gain instead of innovating the company to compete in the modern day ecommerce world.
Sears, the 125-year-old icon, has 24 hours to survive.
The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces.
12
Posted on 12/27/18 at 8:22 pm to MrLSU
One in Berlin?
Posted on 12/27/18 at 8:23 pm to MrLSU
Hmmmmm.
Posted on 12/27/18 at 8:24 pm to MrLSU
Haven’t heard anything about Sears in a decade and now twice in the same evening.
Posted on 12/27/18 at 8:24 pm to MrLSU
I didn’t think the Germans gave up that easily
Posted on 12/27/18 at 8:25 pm to MrLSU
You better be wearing Toughskins right now
Posted on 12/27/18 at 8:25 pm to MrLSU
quote:
Sears is down to its last 24 hours as a company per CNBC
As of now or as of the last time this thread was made?
Posted on 12/27/18 at 8:28 pm to MrLSU
One in clear view is closing. My brother got the news today.
Posted on 12/27/18 at 8:42 pm to 777Tiger
Hamburg, I think
Posted on 12/27/18 at 8:46 pm to MrLSU
So I won’t be able to visit the Düsseldorf location next week???
Posted on 12/27/18 at 8:47 pm to MrLSU
Where will I get the tools to work on my Mannheim Steamroller?
Posted on 12/27/18 at 8:53 pm to MrLSU
As I stated the first time this was posted, I didn’t know sears still existed.
Posted on 12/27/18 at 9:12 pm to MrLSU
I bought a freezer from Sears last week. Glad I didn’t pay for the extended service plan.
Posted on 12/27/18 at 9:28 pm to Legion of Doom
quote:
Hamburg, I think
Posted on 12/27/18 at 10:17 pm to MrLSU
The Russians have sank their teeth in.
Heil Sears, no matter!
Heil Sears, no matter!
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