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Lampert Won't Bailout Sears This Time

by foxbusiness.com posted 1year ago 26 views
The company has a $134 million debt payment due Monday,: Strategic Resource Group Managing Director Burt Flickinger and Hartland & Co. LLC Managing Director Jim Awad on the demise of Sears. The hedge-fund manager who controls Sears Holdings, has repeatedly bailed out the struggling retailer with short-term loans. Not anymore. Lampert, who is Sears's chairman, chief executive, largest shareholder and biggest creditor, doesn't plan to lend the company money to repay $134 million in debt due Monday, people  familiar with the matter told Dow Jones Newswires.

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