Retail News

Sears selling Craftsman to Stanley Black & Decker

Crain's Chicago Business 01/05/2017

Only 10 percent of Craftsman products are currently sold outside of Sears Holdings, but that is about to change in a big way now that the struggling company has agreed to sell the brand to Stanley Black & Decker. The deal calls for Sears to be paid $250 million when the deal closes, another $250 million at the end of the third year and annual percentages of sales after that.

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