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Management|ANALYSIS
Debunking Sear’s eleventh-hour rescue plan
New York - Sears’ chairman Eddie Lampert reached a deal with Sears early this month to acquire 425 Sears stores and other assets for about 5.2 billion dollars after winning a bidding process. Lampert’s ESL Investments will put 850 million dollars into a new asset-based loan, according to a regulatory filing last from January, 18. "We are pleased...
Jan 21, 2019
Management
Chad Leat replaces Millard Drexler as Chairman of J.Crew Group
J.Crew Group, Inc. chairman and former chief executive officer Millard "Mickey" Drexler has retired to devote his full time to the development of Drexler Ventures, LLC and other interests. The company said that its board of directors has now elected Chad Leat to succeed Drexler as Chairman, effective immediately. Leat has served as a director of...
Jan 21, 2019