A former chief executive of Sears Canada says complete liquidation is inevitable and is the only likely outcome for the troubled retailer.
It sounds like its an inevitability, said Mark Cohen, in an interview on BNN Wednesday.
If the company is stepping in at this late date looking to sell yet more assets, theres very little time left between now and the holiday, said Cohen, who is currently the director of retail studies at Columbia Universitys Graduate School of Business.
And so I just dont see what kind of an outcome comes of this other than liquidation either abrupt or in some fashion following the presentation of this alleged bid, he added, referring to Sears Canadas executive chairman Brandon Stranzls proposal to buy the…
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