Sears to stay open after chairman wins $5bn bankruptcy auction

Eddie Lampert may be able to keep roughly 400 remaining Sears stores open and save tens of thousands of jobs, at least for now

Sears will live on at least for now.

The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation publicly.

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from US news | The Guardian http://bit.ly/2AMvZwU