Vendors who kept the shelves stocked for last year’s holidays during Sears Holding Corp.’s bankruptcy will finally get paid, the Wall Street Journal reported. Lawyers for Sears’s bankruptcy estate said on Wednesday in court fillings that they would distribute $21 million to vendors ranging from clothing company Levi Strauss & Co. to toy maker Hasbro Inc., starting today. The payout comes to about 33 cents on the dollar for about 270 vendors, court filings show. The vendors are taking a haircut despite supplying goods in the days leading up to Sears’s chapter 11 filing in October 2018. Sears sold off its best stores to Edward Lampert’s ESL Investments for $5.2 billion, and the estate filed a plan to distribute the proceeds to creditors and shut down.
