Sears Holdings considering selling its Canada’s operations

Mani

Published onMay 14, 2014

Updated on May 13, 2021

Sears Holdings Corp (NASDAQ:SHLD) on Wednesday said it is exploring options for its stake in Sears Canada including a possible sale.

The retailer intends to hire an investment bank during the proceedings.

String of spin-offs

Last month, Sears Holdings Corp (NASDAQ:SHLD) completed the spin-off of the Lands’ End, Inc. (NASDAQ:LE) brand, the fourth in just 30 months. Though the move brought in some very welcome cash, the company doesn’t have a great track record of generating shareholder value from spin-offs and losing one of the most profitable parts of its business...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Sears Holdings considering selling its Canada’s operations

String of spin-offs

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