Is Sears Looking to Sell Lands’ End?

    March 15, 2005

A Women’s Wear Daily article reported that Sears, Roebuck & Co. wants to sell its Lands’ End catalog company which it bought for $1.9 billion in 2002.

Sears is asking $1.2 billion for the company according to Women’s Wear Daily, and J. Crew’s majority stakeholder, and David Dyer, Tommy Hilfiger’s president and CEO have their eyes on Landy’s End.

A CNN Money article says:

“The timing of a sale of Lands’ End is favorable. Sears and Kmart Holdings Inc. are in the middle of an $11 billion merger deal, which goes to a shareholder vote March 24, and each company individually may be looking to shed some assets, the report said.

A Sears spokesman told the publication that Lands’ End was not for sale, adding that ‘Lands’ End is a cornerstone brand for Sears.'”

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.