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Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and ...
In 1952 Simpson's started a 50-50 joint venture in Canada named Simpsons-Sears Limited (later Sears Canada) with Sears, Roebuck, the American retailer. Simpsons-Sears stores remained distinct from the Simpson's stores and the parent companies' agreement included language to keep them from competing too directly with each other.
Sears Canada: Sears Holdings Corp. United States: Sears Canada was one of the largest retailers (created by buying old Simpson's stores). Vincor International Ltd: Constellation Brands: United States: Vincor, Canada's top wine maker and distributor, was purchased for $1.4 billion by Constellation. ZENON Environmental
Sears Holdings owned 51 percent of Sears Canada, [12] a large department store chain in Canada similar to the U.S. stores. At one point it owned as much as 92% of the Canadian company, [13] but it failed in 2006 to buy the remainder of Sears Canada that it did not own because Bill Ackman took a 17.3 percent stake in it and prevented any ...
Polymer Corporation – sold to NOVA Corp and then Bayer AG. Radio Shack (Canadian division) – electronics store. Seagram – spirits and wine. Target Canada – closed because of a $2.1 billion loss for Target Corporation. Terra Transport. Towers Department Stores – department store chain; acquired by Zellers.
Sears, Roebuck and Co. (/ s ɪər z / SEERZ), [5] commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
The two companies operate independently of each other, but Sears Holdings CEO Eddie Lampert remains Sears' Canada's largest investor, with 45% of the company's shares. Sears Holdings owns 12% of ...
The company was a spun off from Sears Holdings in 2012. [5] [7] By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. [8] On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores.