Wednesday, August 28, 2019

Liberty Tax’s retail buying spree continues

Chain Store Age
Sears Hometown has sold its outlet business to a company with a rapidly expanding retail portfolio.

Liberty Tax announced it has entered into an agreement to acquire the Sears Hometown’s Outlet business and its group of 41 franchised Buddy’s Home Furnishings stores in an all cash transaction valued at up to approximately $132.9 million.

Liberty is the parent company of Liberty Tax Service and lease-to-own Buddy’s Home Furnishings and is in the process of acquiring The Vitamin Shoppe. The acquisitions are part of Liberty’s ongoing strategy to transform itself from a tax services business to an investment company specializing in franchised and related businesses. . . . more