By and  on March 15, 2012

Edward Lampert, chairman of Sears Holdings Corp. and its top shareholder, ESL Investments, have found a way to guarantee shipments by vendors to Sears and Kmart units, even as apparel is being pulled from a small number of Sears stores.

The company said in its annual report, or Form 10-K, filed with the Securities and Exchange Commission on Wednesday, that ESL inked a deal with a financial institution on Jan. 26 to acquire from the unnamed firm a participating interest in certain rights and obligations under “trade receivable put agreements.”

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus