Time appears to be running out for Edward S. Lampert.
Lampert is chairman and chief executive officer of Sears Holdings Corp. and chairman of ESL Investments, which holds a 48.4 percent stake in Sears. Last week he faced a blow when Goldman Sachs pulled $3.5 billion out of ESL, cutting the funds ESL has under management by more than 60 percent and, as a result, reducing his stake in Sears to below 50 percent since part of the payout was in Sears stock.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)