TORONTO The former head of Sears Canada says he had a solid plan to revive the insolvent retailer but felt constrained by a court restructuring process that seemed to favour liquidating the companys assets over keeping it afloat.
Speaking publicly on Monday for the first time since Sears Canada was put into liquidation two weeks ago, Brandon Stranzl also responded to recent criticism from his former boss Eddie Lampert, the CEO of U.S.-based Sears Holdings and the largest shareholder of Sears Canada.
In a blog post last week, Lampert suggested that Stranzl hastened the demise of Sears Canada through a strategy that was highly risky and unlikely to succeed, and that a less risky path could have avoided liquidation. Lampert, …
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