 | Parts of this article (those related to divisions) need to be updated. (November 2019) |
 | |
| Transformco | |
| Company type | Private |
| Industry | Retail |
| Genre | |
| Predecessors | Sears Holdings Corporation |
| Founded | February 11, 2019[1] |
| Founder | Eddie Lampert |
| Headquarters | , U.S. |
Areas served | |
Key people | |
| Owner | ESL Investments |
Number of employees | 45,000 (2019)[2] |
| Subsidiaries |
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| Website | transformco |
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]
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][needs update]
- ^ a b "ESL Investments Completes Acquisition of Sears Holdings' Assets". Business Wire (Press release). San Francisco: Berkshire Hathaway. February 11, 2019. Retrieved November 8, 2019.
- ^ Wilkins, Rebecca Choong (February 9, 2019). "Jobs, Jobs, Jobs: Why Lampert's Bid Won Contest for Sears". Bloomberg News. New York City: Bloomberg L.P. Retrieved July 2, 2019.
- ^ "Transformco".
© 2020 Transform SR Brands, LLC
- ^ Lampert, Edward (June 13, 2019). "The facts about the efforts to transform Sears Holdings". Medium. United States: A Medium Corporation. Retrieved November 10, 2019.
- ^ "Sears Parent Co. Buying Sears Hometown And Outlet Stores". WBBM-TV. Chicago: CBS Corporation. June 3, 2019. Retrieved July 7, 2019.