Die Hard 2

12 April 2017 By Jennifer Saba, Richard Beales

It’s easy to interpret CEO Eddie Lampert’s commitment to the ailing U.S. retailer as bordering on obsessive. Bruce Berkowitz is another matter. His firm, Fairholme, reckons Sears could be worth perhaps 10 times its $1.4 bln valuation. Breakingviews unpacks the real-estate logic.

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