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Hot Issue: Financial Struggles

7/10/08
Will Edward Lampert Play White Knight for Steve & Barry's?

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It's official. Steve & Barry's has filed for Chapter 11 bankruptcy protection and now the question is what the discount clothing retailer needs to do to pay off some of its debt. Sears Holdings has figured prominently in reports about how Steve & Barry's may find its way out of its current predicament. What form do you think a deal between Sears Holdings and Steve & Barry's might take? Do you side with George Whalin or Howard Davidowitz on the wisdom (or lack thereof) of a deal between the two businesses?

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