Eddie Lampert, gravedigger or saviour of Sears?

An article by Sophie Baqué

Publication

13 February 2019 à 17h48

Updated on 24 May 2023 à 11h12

Reading time

2 minutes

Publication: 13 February 2019 à 17h48, Updated on 24 May 2023 à 11h12

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

13 February 2019 à 17h48

Updated on 24 May 2023 à 11h12

Reading time

2 minutes

Publication: 13 February 2019 à 17h48, Updated on 24 May 2023 à 11h12

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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Eddie Lampert, often compared to Warren Buffet with a stellar performance of his ESL fund, has controlled Sears’s fate for 6 years. The former Goldman Sachs prodigy is now the largest shareholder. He built his own fund aged 26 and has invested US$5.2 billion to save Sears from liquidation. According to experts, the 56-year-old would also be the source of the retailer’s vertiginous fall. In 2009, the department store company (combined with Kmart) posted sales of US$43.4 billion via 3,862...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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