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Eddie Lampert Makes $4.6 Billion Bid to Keep Sears Chain Alive

Nordstrom, Greats, Target, Macy’s, Alibaba, Bonobos, Rhone, Spanx and more will be at Sourcing Summit NY Oct 17. Don't miss it.

Eddie Lampert took his first step toward rescuing Sears Holdings Corp. from bankruptcy with a $4.6 billion bid that would keep hundreds of stores open and preserve about 50,000 jobs. The preliminary bid, outlined in a filing Thursday, would be funded with about $950 million from a new loan in addition to other debt. Lampert,…

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