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Monday, October 15, 2018

Iconic US retailer Sears files for bankruptcy

The Chapter 11 filing to reorganise debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire chief executive officer Eddie Lampert in an attempt to turn around the company he bought in 2004.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OqPMuv
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