The beauty brand is struggling stateside, but booming elsewhere.
The petition was filed in Delaware.
The new chief executive officer marks the teen retailer’s fourth since last year.
Bruce Berkowitz founded hedge fund Fairholme Capital and has been a big supporter of Sears in recent years.
The perfume and beauty chain moved through its bankruptcy at a rare clip.
The approval paves the way for True Religion’s exit from bankruptcy court proceedings.
The ceo has long been floating Sears operations and the latest infusion looks poised to get it through the holiday season.