Sears explores what assets it might sell
Sears has formed a special committee to explore selling off more parts of the struggling business. What assets still have value? The Kenmore appliance brand, for one, and Sears Home Services, a home improvement business. But the company has already sold off many assets, so its value is dwindling. One interesting wrinkle: A hedge fund operated by Sears CEO Eddie Lampert is a potential buyer. The company’s board of directors has formed an independent committee to see if there are any other interested buyers out there.
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