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Grupo Carso
- On 2 April 1997, Sears formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which it was agreed to sell 85% of Sears México to Grupo Carso, which, as of 2022, owns 100% of the company.
en.wikipedia.org/wiki/Sears_Mexico
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On 2 April 1997, Sears formed a strategic alliance with Grupo Carso, owned by Mexican businessman Carlos Slim Helú, through which it was agreed to sell 85% of Sears México to Grupo Carso, which, as of 2022, owns 100% of the company. [6]
- Kenmore
- Shop Your Way
- Monark Premium Appliances
- Honorable Mention: Lands' End
- Honorable Mention: Diehard
- Honorable Mention: Craftsman
- The Bottom Line
The Kenmore Appliances brand is owned by Sears but manufactured by various appliance makers. The brand has a long history of over 100 years, having launched in 1913 originally on sewing machines. Appliances include washers, dryers, vacuum cleaners, refrigerators, and freezers. Manufacturers include LG, Panasonic, and Whirlpool among others. Kenmore...
Sears got into the e-commerce game through Shop Your Way, a free shopping rewards program offering millions of products, personalized services, and advice. Members can earn points through shopping online for cashback, as well as connect with friends and family members as well.
The Monark Sears subsidiary sells premium home appliances that, according to its website, "serve architects, builders, designers, developers, and homeowners." It has over 12 showrooms across the West Coast and Florida for professionals to take their pick of the best cooking, cooling, and cleaning appliances. Some of its brands sold include Bosch, G...
Lands' End was originally formed as a sailing equipment company in 1963. The company expanded business operations to include casual clothing and general furnishings online and through mail-order catalogs. The misplaced apostrophe at the end of Lands' was a typo that couldn't be retracted due to budget constraints. Sears acquired Lands' End in 2002 ...
This popular line of automotive batteries was launched in 1967. DieHard markets a medium-duty as well as a premium-priced heavy-duty line of automotive, marine, recreational vehicle, power sport, and lawnmower batteries. It also sells chargers, inverters, tools, alkaline batteries, and work boots. DieHard expanded its core business to include its o...
The Marion-Craftsman Tool Company sold the rights to Craftsman to Sears, which registered the trademark on May 20, 1927. The middle-tier Craftsman brand tools are marketed as a mix of quality and value for the average retail consumer. The higher-tier brands Craftsman Professional and Craftsman Industrial are specialized high-quality tools that cate...
Sears was once one of the leading American retailers, and its downfall became symbolic of the pitfalls of financialization. After it was acquired in 2004, the new management prioritized short-term profits, cutting staff and quality to improve the company's balance sheet. After bankruptcy, Sears lost any of its prized assets, although it still has a...
Sears opened its first store in Mexico City in 1947; the Mexican stores would later spin off into Sears Mexico, now owned by billionaire Carlos Slim's Grupo Sanborns, which by the end of 2022 operated 97 stores across Mexico.
Previously they were a subsidiary brand of Sears Holdings, but after Sears Holdings filed for Chapter 11 bankruptcy on October 15, 2018 [2] they were acquired by Transformco, formed in 2019 after acquiring the assets of Sears Holdings Corporation.
Information on acquisition, funding, investors, and executives for Sears de Mexico. Use the PitchBook Platform to explore the full profile.
Feb 15, 2019 · The richest man in Mexico, Slim purchased Sears Holdings through his retail holding Grupo Sanborns, which presently owns 99% of Sears Mexico.
May 19, 2023 · On April 28, 1997, CARSO Group, one of the largest, diversified and most important conglomerates of Latin America, acquired 85% of the shares in Mexico. Currently, Sears is a 100% Mexican company with more than 80 stores throughout the country.
