Sears liquidation looms after $4.4bn takeover deal fails

Assets to go up for auction on 14 January unless bankruptcy judge gives financier Edward Lampert more time to improve offerSears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert. Related: Laid-off Sears workers left with nothing – and they say wealthy bosses are to blameContinue reading...