Edward S. Lampert is coming to the rescue of Sears Holdings Corp. yet again — and would no doubt profit from his proposal for a further dismantlement of the group.
Lampert is both chairman of Sears and the hedge fund ESL Investments. On Monday, Lampert essentially sent a letter to himself, as chairman of ESL, to the board of Sears. That letter offered to acquire certain assets of the retailer’s — namely, its well-known Kenmore appliance brand and the home improvement and PartsDirect businesses of Sears Home Services. The letter, which pegged the value of the home improvement and parts businesses at $500 million, said ESL contemplates entering into an agreement with Sears so the two businesses could servicing customers following their acquisition. ESL further said it would be interested in acquiring certain real estate owned by Sears for $1.2 billion, with the understanding that Sears would enter into a master lease so “some or all” of the stores could continue operations. ESL did not detail the number of stores it hopes to acquire. The Kenmore brand is an intellectual property asset.
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018
Ganni turned over a new leaf for spring 2019, reports @fionawsma from Copenhagen Fashion Week. Instead of sending its signature floral-print dresses down the runway, the brand collaborated with 66 North, a technical outerwear brand, and produced a chic-yet-utilitarian offering that included a tie-dye vest and short set, and leopard-print pieces sprinkled among the khaki parkas and bucket hats. #wwdfashion #ganni #copenhagenfashionweek