Home > Sears Set To Stay Open After Last Ditch Bid Prevents Liquidation, Sending Shares Surging

Business
Sears Set To Stay Open After Last Ditch Bid Prevents Liquidation, Sending Shares Surging

Description

A last ditch effort from billionaire hedge-fund manager Eddie Lamper is set to keep Sears alive after beating off competition for the legacy retailer. The department store will keep open around 400 branches as a result of the $5.2 billion deal which Edward Lampert, the company's chairman, sweetened after discussions with creditors. Once America's largest retailer, Sears will remain in existence with approximately 425 stores — it had 2000 in 2013.

Added on the 16/01/2019 10:17:16 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Polls open in El Salvador with incumbent Bukele set for victory

    Polls open in El Salvador with victory in the bag for incumbent President Nayib Bukele thanks to his no-holds-barred war on gangs that has slashed homicide rates in a violence-weary nation. IMAGES

    04/02/2024 - AFPTV - First images
  • Turkey open to talking with Finland, Sweden over NATO bid says FM

    Turkey's Foreign Minister Mevlut Cavusoglu says the country is ready to discuss Finland and Sweden's plans to join NATO, despite accusing them of harbouring "terrorist organisations". SOUNDBITE of Turkish Foreign Minister Mevlut Cavusoglu

    14/05/2022 - AFPTV - First images
  • Images of Djokovic's lawyers' office as court bid to avoid Australia deportation gets underway

    Images of Novak Djokovic's lawyers' office as the tennis star's final bid to avoid deportation from Australia gets underway. Chief Justice James Allsop has opened the virtual proceedings, with Djokovic appealing the government's decision to rip up his visa and deport him for anti-vaccine views that could cause "civil unrest." IMAGES

    16/01/2022 - AFPTV - First images
  • Brooklands Museum set to open “Driven by Design” supercar exhibition with McLaren Automotive to showcase engineering and design talent

    On 26th July Brooklands Museum will open its new ‘Driven by Design’ exhibition exploring the fascinating world of supercar design in collaboration with McLaren Automotive.As part of the company’s long-standing commitment to encourage more young people into careers that involve science, technology, engineering, maths and design, McLaren is loaning three exhibits including a McLaren Senna GTR prototype car, a McLaren Senna GTR concept car and a full-scale LEGO model of a McLaren 720S.The exhibition forms a key part of the supercar company’s 10-year anniversary celebrations. Will also feature some of the 2,500 strong team who help design, engineer, test and build these incredible supercars including McLaren Development Driver Bruno Senna.Brooklands holds a proud position as the birthplace of motorsport in the UK, not only boasting the first purpose-built racetrack anywhere in the world but it also held Britain’s first Grand Prix in 1926. Alongside its place at the centre of British motorsport, Brooklands has a strong history of aviation design and manufacture with many technologies developed there such as carbon fibre composites, which McLaren first introduced into Formula 1 40 years ago, and has featured in every McLaren race or road car since.

    23/07/2021 - Auto Moto EN
  • Prague set to open new Covid-19 vaccination centre

    Prague (Czech Republic), Mar 17 (EFE / EPA), (Camera: Martin Divisek).-The city of Prague is preparing to open a new Covid-19 vaccination centre with the capacity to vaccinate between 200 and 1,000 people a day. FOOTAGE THE PRESENTATION OF THE COVID-19 VACCINATION CENTER AT THE PRAGUE CONGRESS CENTER.

    17/03/2021 - EFE Inglés
  • Indian presidential palace's garden set to open for public visit

    New Delhi, Feb 11 (EFE/EPA).- Roses were seen in full bloom Thursday at the Mughal Gardens of the Indian presidential palace in New Delhi, which is set to open for public visit from Feb. 12 onward. The Mughal Gardens cover an area of 15 acres and are homes to 128 kinds of roses. (Camera: HARISH TYAGI).B-ROLL OF THE MUGHAL GARDENS OF THE INDIAN PRESIDENTIAL PALACE IN NEW DELHI, INDIA.

    11/02/2021 - EFE Inglés

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34