Monday, May 14, 2018

Sears moves to sell Kenmore

money.cnn.com
The struggling retailer announced Monday that it had formed a "special committee" to explore the sale of its in-house appliance brand.

The move comes less than a month after Sears CEO Eddie Lampert wrote a letter to the board urging it to sell the brand. He offered to buy it himself if necessary, along with other assets.

There is a good chance that Lampert will be the one buying Kenmore.. . . more