Matt Mason: Billionaire Eddie Lampert saves Sears for now—but will it last? – Fox Business News
Matt Mason was featured in Fox Business News‘s article titled “Billionaire Eddie Lampert saves Sears for now—but will it last?.”
“In admitting that 156 stores are weak performers, ESL is almost certainly setting the stage for additional store closures,” Matthew Mason, managing director at Conway MacKenzie and former Sears attorney tells FOX Business.
Mason, who worked with Sears Holdings from 2002 to 2005, adds that while Lampert’s successful bid is positive news for the 45,000 employees for now, that may be short-lived.
“The long-term impact is still a major question mark,” he says.