Sears Hometown is liquidating inventory under Chapter 11 bankruptcy protection after a dispute with Transformco, an entity created by financier and former Sears CEO Edward Lampert and ESL Partners, a hedge fund he operates, regarding payments for ongoing inventory...
According to parent Transformco, the demise of the last Sears store in Illinois has been greatly exaggerated and doesn’t accurately reflect the banner’s strategic direction. The fact that Transformco has a strategic direction for Sears has been underappreciated, the...
