US department store chain Sears received a delay in completion scheduled today after its chairman, Eddie Lampert, submitted an offer to acquire and prevent its closure, at the end of the debt restructuring period.
According to the US chain CNBC, citing sources close to Sears, the ELS Investments investment fund, owned by Lampert, presented an official proposal today, but did not ensure that it was accepted because directors now have a week – until January 4 – to learn bidding words.
The details of this offer are still unknown, although if similar to 4,600 million made by Lampert earlier this month, it might be rejected by the company's creditors.
Today the company announced the closing of 80 stores across the country "As part of the process of the Sears community to accelerate its strategic transformation and facilitate its financial restructuring."
In addition to 142 centers whose closures were announced in October and an additional 40 in November, the company will end up with more than a third of all US stores.
The company, which has 68,000 employees, declared bankruptcy in October before a court in New York after seven years of losses of 11,000 million dollars. EFE