(CNBC) Sears Holdings, owner of Sears and Kmart stores, will receive a nice chunk of change from its chief executive, Eddie Lampert, ahead of the holiday shopping season. According to a Thursday 8-K filing with the Securities and Exchange Commission, the department store chain has borrowed $100 million from affiliates of Lampert’s hedge fund, ESL Investments. ESL has also agreed to lend as much as $100 million more to Sears by Dec. 1.
Sears Lands $100m Loan From Its CEO’s Hedge Fund Ahead of the Holidays
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