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Sears plc was a large British -based conglomerate. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It was acquired by Charles Clore in the 1950s who expanded the company to be one of the largest retailers in Britain. It was acquired by Philip Green in 1999 who oversaw the break up of the group.
The May Department Stores Company
Sears held its original location and had a presence at the mall since its opening in 1959. The closing was part of a $270 million sale of 11 Sears properties nationwide. The Wall Street Journal estimated that the Ala Moana Sears location was the largest portion of the deal, comprising between $200 million to $250 million of the overall sale price.
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