Another Discount Retailer for Lampert, Despite Sears and Kmart Struggles
ESL Partners’ Eddie Lampert, who is struggling to figure out how to make the merger between Sears Holdings and Kmart work, has taken a stake in another discount retailer. The hedge fund manager who BusinessWeek once audaciously called the next Warren Buffett, took a small, $56 million stake in Big Lots in the first quarter.
Stephen Taub
May 16, 2011