How Years Of Investor-Friendly Finance Left Retailers Vulnerable To Crisis
Nov 03, 2020
By the time Sears Holdings filed for bankruptcy in 2018, it had surely reached some sort of financial engineering singularity, if such a thing is possible. Under Eddie Lampert’s majority ownership and executive stewardship as CEO, a headache-inducing web of interrelated financial relationships had been created around and through the retailer. When all the asset sales, spinoffs and loans were finalized over the course of more than a decade, Lampert and his hedge fund were Sears’ largest shareholder and lender, as well as a major landlord and supplier. Read more at Retail Dive.
