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Free-Falling Sears To Sell Canadian Units
- Chicago Tribune, Thursday, October 2, 2014 9:41 AM
Sears Holdings Corp. said it plans to sell most of its stake in Sears Canada in order to raise up to $380 million in cash by early next month. CEO Edward Lampert and his firm ESL
Investments will fully exercise their rights, which will bring almost half of the money -- $168 million -- to Sears coffers in mid-to-late October. The Hoffman Estates-based, IL retailer has been
selling or spinning off business units, including Lands' End, to stay afloat.
The only thing worrying me most in all these share deals is whether the average employees and workers will suffer from the things happening. Will their salary stay the same or will they have to use the so popular online option from payday lenders to make their ends meet on a rainy day.