By Nick Gale, WLS-AM 890 News
(HOFFMAN ESTATES, Ill.) — Sears is adding a restructuring expert to its board which could signal additional actions to survive.
The Hoffman Estates based company has tapped Alan Carr, managing member and CEO of restructuring advisory firm Drivetrain LLC. Sears says Carr has significant experience in leading complex financial restructuring.
The announcement comes as Sears is nearing a key debt repayment in less than a week.
The struggling retailer has closed hundreds of stores and has sold off brand names to survive.
@ 2018 WLS-AM News
