Retail News

Current and former owners settle legal dispute over Sears bankruptcy

Pittsburgh Business Times 01/15/2020

Transform Holdco, the new owner of Sears and Kmart, has agreed to pay Sears Holdings, the previous owner of the two retail chains, $18.3 million to settle a dispute between the two companies. Funds paid to Sears Holdings will go to creditors who were not fully repaid after the company filed for bankruptcy.

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