For Sycamore, a deal to buy Victoria's Secret would be a bet on a dominant player in the large intimate apparel industry. Still, the Victoria's Secret brand has had a tumultuous number of years.
Destination Maternity, which employs a little over 1,100 full-time and 2,300 part-time employees, owns 458 U.S. Stores as of February. The company's brands are Motherhood Maternity, Pea in the Pod stores Destination Maternity.
Oct 18- U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said. Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the...
Sears Chairman Eddie Lampert struck a $5 billion deal to buy the company out of bankruptcy, saying it would preserve 45,000 jobs.
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.
Sears' former CEO, Eddie Lampert says severance to workers has been paid, and he defends himself against criticism of his tenure as CEO.
"The failure to make those payments would amount to a broken promise on your part," Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez say.
Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.
Sears filed a lawsuit against its former CEO Eddie Lampert, Treasury's Mnuchin, and others for allegedly stealing billions from the retailer.
Sears will open three Home & Life stores in May, in Anchorage, Alaska; Layette, Louisiana; and Overland Park, Kansas.
Sears is back into court, less than one month after emerging from bankruptcy protection.
Sears Chairman Eddie Lampert's $5.2 billion deal to buy the retailer is expected to save 425 stores and roughly 45,000 jobs.
Eddie Lampert's $5.2 billion deal to buy Sears out of bankruptcy, is the only deal that would stave off liquidation and save 45,000 jobs. But Sears plans more store closures and layoffs in 2019.
Unsecured creditors are objecting to Lampert's $5.2 billion deal to buy Sears out of bankruptcy, the only deal that would stave off liquidation.
Simon is grappling with an onslaught of store closures from tenants big and small, ranging from Sears to Starbucks' Teavana.
Former Sears, Roebuck and Co. Chairman and CEO Alan Lacy speaks to "Squawk on the Street" about what drove him to sell the company to Eddie Lampert.
Sears reached a roughly $5 billion deal with Chairman Eddie Lampert to keep the company and about 400 stores open.
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion (4.04 billion pounds), allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
It could not be immediately determined whether Chairman Eddie Lampert will be able to pull together an offer for Sears that sufficiently addresses a prior bid's shortcomings.
As bankrupt Sears inches toward liquidation, Amazon on Monday became the most valuable public company in the world, surpassing Microsoft.