When a bankruptcy judge approved Eddie Lampert’s $5.2 billion takeover bid for Sears Holdings on February 7, it was with a suggestion to “not to be a cartoon character.”
Certainly his management style was unusual, visiting the company’s headquarters only once or twice a year. Or having interests that may be different from those of other investors, as the company noted in a 2018 public filing.
But having truly taken over the company, now he has to make it work. Future Sears and Kmart stores will be different from those in the past, according to a Wall Street Journal report.
