Final bids, which may value the brand at about $2 billion, are due at the end of the month, said the people, who asked not to be identified because the information is private. There’s no guarantee that the potential suitors will decide to proceed with a formal proposal, the people said. Sears climbed 6. 4 percent to $1. New York trading on Tuesday. The interest “does speak to the fact that this is a venerable brand,” said Allison Ames, chief executive officer at Beanstalk, a brand- consulting firm. The Hoffman Estates, Illinois- based company said at the time it hired Citigroup Inc. I have had several positive experiences with Sears. Walked into Sears, showed how the ratchet wouldn’t hold and they gave me the gear replacement kit. Shop for a Craftsman 540-Piece Mechanics Tool Set (36540) at Sears Outlet today! We offer low prices and great service. It calls itself the world’s largest tools and storage company and employs more than 5. Shares of Techtronic Industries have fallen 4. Hong Kong trading this year, giving it a market value of about $7. The company, known as TTI, makes Dirt Devil and Hoover vacuum cleaners as well as Milwaukee power tools, Stiletto hammers and Homelite chainsaws. Welcome to Sears Home Appliance Showroom! Shop for appliances including refrigerators, freezers, washers, dryers, dishwashers, small kitchen appliances & more. Buy online or in your local store today!
Representatives for Sears, TTI, Husqvana, Apex Tool and Stanley Black & Decker declined to comment. The brands being reviewed by Sears - - Craftsman tools, Kenmore appliances, and Die. Hard auto batteries - - are staples found in many American households and key assets inside the company. Yet their sales have been slipping, even after Sears hired a licensing agent in 2. Sears and Kmart stores. Lampert - - a hedge fund manager who’s also the retailer’s chairman and largest shareholder - - already has hived off the Sears Hometown and Outlet Stores business and Lands’ End clothing brand, while also selling off store locations and moving others into a real estate investment trust. A sale in the $2 billion range “would be a win and a loss for the company,” according to Noel Hebert, an analyst at Bloomberg Intelligence. Proceeds would help defray debt on its KCD subsidiary, which includes the brands, and free up some money for holiday.
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