Sears Canada announced yesterday it is going out of business and closing its remaining 150 stores.
The closures will mean 12,000 people losing their jobs, according to the Toronto Star.
Brandon Stranzl, the company's executive chairman, tried to save Sears Canada but his bid backed by Blackstone Group LP was unsuccessful.
Read more from the Toronto Star.
Search sponsored by:
Former investor Jonathan Eilian’s J.D. Holdings plans to buy at least 35 properties through a landmark bankruptcy settlement.
“You’ve gotta go back to the basics,” says Larry Peterson, Executive Director, Habitat for Humanity of Springfield Missouri. Peterson says he gains leadership advice from General Ulysses S. …