The former Sears ceo wants to buy all of Sears’ spin-off Hometown & Outlet Stores.
Lampert needs to make an additional $120 million deposit to keep his $4.4 billion bid alive and secure a place at the auction.
He plans a separate bid for certain assets if the ESL offer fails to get “qualifying bid” status.
The company missed the deadline to find a new buyer while announcing the closure of 80 more stores.
The closures were first revealed when Sears filed for bankruptcy in October.
Luxury eyewear brand LINDBERG discusses Danish design and its enduring ideation.