Sears Canada Inc.’s top executive is making a last-ditch attempt to keep the retailer alive as its creditors press for an accelerated liquidation to settle its debts. A special committee of the Sears Canada board will decide this week on Executive Chairman Brandon Stranzl’s bid to purchase some of its stores out of bankruptcy as a going concern, Orestes Pasparakis, a lawyer for the company’s bankruptcy monitor FTI Consulting Inc., said at a Wednesday court hearing.

Source: Wall Street Journal October 04, 2017 18:45 UTC