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Cash-starved Sears has been trying to find someone to buy Kenmore for years. It sold the Craftsman tool brand to Stanley Black & Decker in a deal valued at $900 million. But it hasn't found...
Whirlpool was one of the main manufacturers of Kenmore products, having manufactured some of Kenmore’s electrical appliances, such as side-by-side refrigerators, top-loading washing machines and matching dryers, and dishwashers.
Cash-starved Sears has been trying to find someone to buy Kenmore for years. It sold the Craftsman tool brand to Stanley Black & Decker (SWJ) in a deal valued at $900 million.
Eddie Lampert, the CEO and majority shareholder of Sears, has put a price tag on how much he's willing to pay his company to buy its Kenmore appliance brand: $400 million.
One significant acquisition was when Sears sold the Kenmore brand to Transform Holdco LLC, owned by Eddie Lampert, in 2019. This move aimed to provide Kenmore with a new direction and opportunities for growth under a different leadership.
According to Sears, Whirlpool will continue to manufacture appliances for Sears’ own Kenmore brand. That means customers can still buy a Whirlpool-made dishwasher, fridge, or washing machine...
The private equity firm ESL Investment, headed by Sears chairman and CEO Edward Lampert, said it might buy the assets — Kenmore, Sears Home Services’ home improvement business and the company’s Parts Direct business — if the company is willing to sell.