A new regulatory said Sports Direct International Inc., the United Kingdom-based sports-apparel retailer that was rumored for months to be on the verge of buying Indianapolis-based Finish Line, never actually wanted to buy the company.
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears' massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company's intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.