There is a countdown for Sears, the iconic 125-year-old American retailer and more than 68,000 employees who went bankrupt on October 15 of this year. In this case, the company set a deadline for accepting applications for its assets by 4:00 pm EST (6:00 pm from Chile), otherwise it will have to liquidate them.
Hope is due to the fact that at the last moment there is a proposal that can come from its CEO Eddie Lampert. According to CNBC, citing sources close to the operation, Lampert put on the table $ 4.6 billion to purchase the network through the ESL investment fund, of which he is also president.
The company, which declared bankruptcy with a loss of $ 11,000 million. The United States had at that time 700 stores, closed at that very moment 142 and another 40 in November. If, in accordance with the requirements of the Securities and Exchange Commission (SEC), the proposal of Lampert or another similar proposal is not indicated and will not be made public, the liquidators will divide the company into parts.