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Sears avoids liquidation but remains a "broken business"

2019-01-16 16:12:00| Daily apparel & textile news and comment - from just-style.com

Edward Lampert, chairman of Sears Holdings, has prevailed in a bankruptcy auction for the troubled department store retailer, having sweetened his takeover bid to US$5.2bn. But while the move means about 400 stores will remain open, one analyst warns Sears is still a "broken business that is surrounded by gloom".

Tags: business remains broken liquidation

Category:Consumer Goods and Services

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