Vicki M. Young

More From Vicki M. Young

Sears

Financial

Lampert’s ESL Confirms New Bid for Sears in ‘Excess’ of $5B

On top of buying 57 more real estate properties, there’s an additional $139M to cover administrative expenses in the bankruptcy.

clock January 10, 2019Vicki M. Young

Sears

Financial

Eddie Lampert Keeps Alive $4.4B Bid for Sears Holdings

Lampert needs to make an additional $120 million deposit to keep his $4.4 billion bid alive and secure a place at the auction.

clock January 8, 2019Vicki M. Young

Sears

Retail

Decision on Sears Holdings Likely This Week

The concern is that the current bid could likely leave Sears administratively insolvent, unless Eddie Lampert sweetens the offer.

clock January 6, 2019Vicki M. Young

A David's Bridal storefront in Wilmington, Del.

Fashion Scoops

Bankruptcy Court Confirms Restructuring Plan for David’s Bridal

The approval paves the way for the retailer to exit bankruptcy court proceedings later this month.

clock January 4, 2019Vicki M. Young

FullBeauty has been impacted by competition from new entrants to the plus-size category.

Financial

FullBeauty Brands Finalizes Plan for a Pre-Packaged Bankruptcy

The plus-size apparel firm plans to file by around Feb. 4.

clock January 3, 2019Vicki M. Young

Fomer Bon-Ton stores such as this one could be reinvented or repurposed.

Fashion Scoops

Old Bon-Ton Sites Could Get Reinvented

Three coming up for auction are in “Qualifed Opportunity Zones.”

clock January 3, 2019Vicki M. Young

Blake Nordstrom

Retail

The Gentleman Retailer: Blake Nordstrom, 58

The copresident of Nordstrom Inc. passed away after being diagnosed with lymphoma last month.

clock January 2, 2019Evan Clark and Lisa Lockwood

Sears

Retail

Lampert Has a $2.6 Billion Back-up Plan for Sears Holdings

He plans a separate bid for certain assets if the ESL offer fails to get “qualifying bid” status.

clock January 2, 2019Vicki M. Young

Mergers and acquisitions activity is expected to be strong 2019.

Mergers and Acquisitions

What to Watch: Rising Cash Balances, IPO Activity Could Spur M&A Deals

Deal focus is expected to be less on technology and more on diversification.

clock January 2, 2019Vicki M. Young

Lenders and distressed investors believe there could be a rise in bankruptcy filings this year.

Financial

What to Watch: 2019 Could Be a Big Year for Bankruptcies

Speculation is that those filing will be doing so for the first time, as well as many who will be doing their second tour in bankruptcy court.

clock January 2, 2019Vicki M. Young

Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York . Kmart is acquiring Sears, one of the most venerable names in U.S. retailing, in a surprise $11 billion deal that will create the nation's third-largest retailerKMART SEARS MERGER, NEW YORK, USA

Retail

Future of Sears Holdings Still Up for Debate

The next hurdle for the ESL affiliate is getting “qualified” bid status so it can proceed to the Jan. 14 auction.

clock December 31, 2018Vicki M. Young

Sears

Retail

Lampert’s ESL Investments Submits $4.4B Offer for Sears Holdings Corp.

The going-concern offer includes 425 stores, and $1.3 billion in financing from three financial institutions.

clock December 28, 2018Vicki M. Young

sears wall street stocks

Financial

Sears’ Survival Questionable as the Company Faces Liquidation 

The company missed the deadline to find a new buyer while announcing the closure of 80 more stores.

clock December 28, 2018Kellie Ell

Sears

Fashion Scoops

Sears Details $443M in Expenses to Close 142 Stores

The closures were first revealed when Sears filed for bankruptcy in October.

clock December 18, 2018Vicki M. Young

A Rebag store in New York City.

Fashion Scoops

Rebag Opens First Mall Store in Downtown Manhattan

The company will explore more mall-based locations in 2019.

clock December 17, 2018Vicki M. Young

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Theresa May Steps Down as U.K. Prime Minister, Pound Surges

clock May 24, 2019Fiona Ma

Social Studies