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Sears Gets Second Chance; Court Approves Lampert’s $5.2B Bid

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Sears Holdings Corp. chairman Edward S. Lampert can claim he is a second-time saviour, first bailing Kmart Corp. out of bankruptcy in 2003 and now repeating that effort for Sears. U.S. Bankruptcy Court Judge Robert Drain on Thursday, after three days of testimony, ruled in favor of the $5.2 billion offer from Lampert and his…

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