Sears: The Demise of an American Icon
Below are the available bulk discount rates for each individual item when you purchase a certain amount
Register as a Premium Educator at hbsp.harvard.edu, plan a course, and save your students up to 50% with your academic discount.
Publication Date:
April 15, 2019
Industry:
Retail & Consumer Goods
Source:
Harvard Business School
In 2019, ESL Investments’ offer to purchase Sears Holdings out of bankruptcy, was accepted, despite opposition. Was this the best outcome?
In 2019, ESL Investments’ $5.2 billion offer to purchase Sears Holdings out of Chapter 11 bankruptcy, was accepted, despite opposition from the company’s unsecured creditors and other parties. ESL, which was led by Eddie Lampert, had acquired a stake in Sears following its 2005 merger with. Kmart. Lampert was chairman and CEO. During Lampert’s ownership, Sears and Kmart shrunk their store base from 5,670 to 687 stores, and over 200,000 employees lost their jobs. Some attributed Sears’ woes to a challenging operating environment, others argued that Lampert’s actions over the last decade benefitted himself and other shareholders at the expense of other Sears stakeholders. Was a sale of the company to ESL the best outcome?
If you’d like to share this PDF, you can purchase copyright permissions by increasing the quantity.
Copyright © 2021 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.
Sears: The Demise of an American Icon
Research & References of Sears: The Demise of an American Icon|A&C Accounting And Tax Services
Source