transform holdco

Report: More Sears, Kmart Stores To Close

According to a report in the Wall Street Journal, 100 more Sears and Kmart stores will close as their new parent, Transform Holdco, focuses on smaller-sized retail concepts.

Transform Holdco Makes Bid For Sears Hometown & Outlet Stores

Sears Hometown & Outlet Stores said it received a proposal on Friday, April 5, from Transform Holdco LLC, an entity affiliated with the company’s majority stockholder ESL Investments, Inc., to acquire all of the outstanding shares of the company’s common stock not already owned by ESL and its affiliates for a purchase price of $2.25 per share.