Sears' fate is on the line in Monday's bankruptcy auction. Here's what you need to know
by Lauren Zumbach, Chicago Tribune
Jan 11, 2019
3 minutes
In its 126-year history, Sears grew to become the country's biggest retailer and outlasted Chicago competitors like Carson Pirie Scott, Montgomery Ward and Wieboldt's. Its future now hinges on a bankruptcy auction scheduled to start Monday.
Edward Lampert, chairman and former CEO of Hoffman Estates-based Sears Holdings Corp., is trying to buy the retailer with a plan to keep it in business and keep up to 50,000 workers employed. Lampert's hedge fund, ESL Investments, sweetened
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