WWD.com/fashion-news/fashion-scoops/still-number-one-7298342
fashion-scoops
fashion-scoops

Filing Reveals Edward Lampert's Stake in Sears

Sears Holdings Corp.’s chairman and ceo pared his stake in the company over the last few months, but the pruning job was relatively modest.

fashion-scoops/news

STILL NUMBER ONE: Edward Lampert, Sears Holdings Corp.’s chairman and chief executive officer, pared his stake in the company over the last few months and no longer controls the majority of its shares, but the pruning job was relatively modest. In a regulatory filing Tuesday, Lampert and his various investment vehicles, including ESL Partners LP, were listed as owning 51.6 million shares of Sears stock, 48.4 percent outstanding. That’s down from the 58.9 million shares, or 55.4 percent, listed in March. The reduction was caused by distributions to ESL investors.