A Warren Buffett-backed company stands to get a big boost from Sears’ demise — here’s a list of winners, and what they’re telling investors
|10/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Mall operators are scrambling to point out how Sears’ downfall is a positive development for their businesses.
- They include Seritage, the real-estate spin-off from Sears. The company stands to lose rental income from closed stores, but says an investment from Warren Buffett would help it stay afloat.
- The 125-year-old retailer filed for bankruptcy protection on Monday, and a handful of real-estate companies were quick to point out how prepared they are to capitalize on it.
The ink on Sears‘ Chapter 11 bankruptcy filing has not yet dried, but some companies are already telling their shareholders what they stand to gain.
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