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    Sears Secures $250 Million Lifeline

    Will close 96 more doors.

    The new loan, put together in recent weeks, increases by roughly $100 million the $150 million of financing that Sears raised several weeks ago, said people familiar with the transaction, who were not authorized to discuss publicly some aspects of the deal.


    Lampert, through his hedge fund ESL Investments Inc has contributed a significant portion to the new financing, the people added.


    MICHAEL'S TAKE

    The financing and additional store closures reflect the continued difficulties Lampert has had in his attempt to return Sears to its glory days, when it was among the largest retailers and owned the tallest building in the world.


    ABOUT MICHAEL: With many years of experience and himself learning directly from the pros, Michael is the 'go-to' for retail companies going through these types of transitions. He has the connections (suppliers, supply chain, distribution, etc.) and the know-how!

    Get a FREE Consultation with me, Michael ▶︎▶︎ Michael@EdgeCityDesign.com


    #sears #lampert #ESLInvestments #Retail #EdgeCityDesign #AnOutForYou #MichaelKeenan