Sears Canada Inc.s top executive is making a last-ditch attempt to keep the retailer alive as its creditors press for an accelerated liquidation to settle its debts.
A special committee of the Sears Canada board will decide this week on Executive Chairman Brandon Stranzls bid to purchase some of its stores out of bankruptcy as a going concern, Orestes Pasparakis, a lawyer for the companys bankruptcy monitor FTI Consulting Inc., said at a Wednesday court hearing.
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