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January 6, 2017

Stanley Black & Decker Buys Craftsman Brand for $900 Million

It’s been clear over the past few years that Sears has been on a death-spiral and aside from closing down stores, the struggling retailer is beginning to sell off their assets as well. In a recent announcement, Stanley Black & Decker announced that they’re planning to acquire the Craftsman brand from Sears for $900 million.

In the terms of the agreement, Stanley Black & Decker will acquire rights to “Develop, Manufacture And Sell Craftsman Brand In Non-Sears Retail, Industrial & Online Channels” while Sears will continue to “Developing, Sourcing & Selling Craftsman In All Sears Retail Channels Under Perpetual License [...]

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