Sears chairman, CEO and biggest shareholder and creditor of Sears Holdings Corp., is making his biggest push to date to save the beleagured company from filing for Chapter 11 bankruptcy protection.
In a surprising move, Lowe’s Cos. will shutter its Orchard Supply Hardware division — closing all 99 stores — in order to focus on its core home improvement warehouse model.
ESL Investments, the hedge fund run by Sears Holdings Corp. chairman and CEO Eddie Lampert, has made a formal offer for one of the company’s signature brands.