Transformco
Holding company of Sears and Kmart since 2019 / From Wikipedia, the free encyclopedia
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Transform SR Brands LLC[3] (doing business as Transformco, referred to as "New Sears")[4] is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.[1]
Parts of this article (those related to divisions) need to be updated. (November 2019) |
Quick Facts Trade name, Company type ...
Transformco | |
Company type | Private |
Industry | Retail |
Genre | |
Predecessors | Sears Holdings Corporation |
Founded | February 11, 2019; 5 years ago (February 11, 2019)[1] |
Founder | Eddie Lampert |
Headquarters | , |
Areas served | |
Key people | |
Owner | ESL Investments |
Number of employees | 45,000 (2019)[2] |
Subsidiaries |
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Website | transformco |
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On June 3, 2019, it was announced that Transformco would acquire Sears Hometown and Outlet Stores. As per the deal, Sears Hometown might need to divest its Sears Outlet division to gain approval.[5]