Eddie Lampert proposes to buy further stake in Sears Hometown

(Reuters) Sears Holdings Corp’s (SHLD.O) Chief Executive Eddie Lampert proposed to buy a bigger stake in Sears Hometown and Outlet Stores Inc (SHOS.O), if Sears Hometown entered into a partnership related to certain brands and its home services unit, ESL Investments Inc said.

Sears Holdings has been exploring alternatives — including partnerships for its Kenmore, Craftsman and Diehard brands, and its Sears Home Services unit since May — as it looks to reinvigorate its ailing business.

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