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Huh? Sears' Restoration Play Puzzles The Industry.

Authors :
Rudnick, Michael
Thau, Barbara
Source :
HFN: Home Furnishings News; 12/3/2007, Vol. 81 Issue 46, p1-7, 2p, 1 Color Photograph
Publication Year :
2007

Abstract

The article talks about the puzzlement of industry insiders over Sears Holdings Chairman Eddie Lampert's suprising bid for Restoration Hardware. Sources speculate that Restoration could benefit from investment in operations, but that would require investment that runs contrary to Lampert's history with Sears. One source speculated that Lampert may have made the bid to boost Restoration's shares, which he currently owns. Sears made a tender offer to buy out Restoration for $6.75 per share in cash.

Details

Language :
English
ISSN :
10828310
Volume :
81
Issue :
46
Database :
Supplemental Index
Journal :
HFN: Home Furnishings News
Publication Type :
Periodical
Accession number :
27890205