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Story summary
- Key Information: A decade after Edward S. Lampert's firm aimed to save Sears, the retailer and Seritage Growth Properties near their end.
- There are five Sears stores remaining.
- Seritage Growth Properties is selling assets to repay Berkshire Hathaway's $1.6 billion loan.
- CEO Adam Metz says assets will be sold quickly and alternatives considered to maximize shareholder value.
- This ends a 20-year saga started with Edward S. Lampert's 2005 Sears–Kmart merger.
