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Sears was founded by Richard W. Sears and Alvah C. Roebuck 132 years ago. It was initially a watch company, but quickly expanded and became a major catalogue retailer. For more than 100 years, it was a cornerstone of American retailing. But, its glorious story might be coming to an end:Last week, Sears Holdings declared bankruptcy. Edward S. Lampert, its CEO until the chapter 11 filing, is responsible for driving the iconic company into the ground and forcing it to go bust.
What will happen now?
Lets look at each of the different stakeholders.
The investors: The company will file its liabilities and assets. Liabilities include all company debt, as well as wages, pensions, etc….
Read the full article at: https://www.forbes.com/sites/walterloeb/2018/10/23/will-sears-survive-bankruptcy/