Brandon Stranzl says the creditor process which Sears entered
visit FORMER SEARS EXEC CITES ‘OBSTACLES’ TO TURNAROUND: Sears Canada’s former executive chairman says his plan to turn around the embattled retailer was well reasoned but the creditor protection process was biased towards liquidation. Brandon Stranzl says the creditor process which Sears entered in June was structured as a sale rather than a rehabilitation from the beginning. Stranzl had been in weeks long discussions with the embattled retailer to buy it and continue to operate it, but no deal was reached. Sears Canada began liquidation sales across the country on Oct. 19.
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