P-E firm considers bid for Sears Canada


Sycamore Partners, a private equity firm which recently bought Jones Group, Talbots and Hot Topic, is considering a bid for Sears Canada (OTCPK:SEARF), reports New York Post.

Eddie Lampert, the hedge-fund billionaire who controls Sears and its Canadian counterpart, expects up to $2B for the 176-store chain.

Sears Canada has recently fallen on hard times, with increased competition from U.S. rivals Wal-Mart and Target who have been aggressively expanding in Canada.

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Comments (1)
  • DeepValueLover
    , contributor
    Comments (11326) | Send Message
     
    Looks like Chou nailed it again.

     

    Too bad Lampert will destroy the cash by throwing into the fire-pit known as SYW.
    5 Aug 2014, 05:59 AM Reply Like
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