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I thought it was widely known he was doing some longterm liquidation of Sears’ assets, specifically their real estate and top brands.
by goshab 8y ago
I thought it was widely known he was doing some longterm liquidation of Sears’ assets, specifically their real estate and top brands.
- aczerepinski 8y agoI think the original plan was to use Sears to acquire more top brands, not sell them off. He made a failed bid for Restoration Hardware early on, and talked about building a portfolio of strong all-American brands. The liquidation strategy was a reaction to his plan failing as far as I'm aware. In the early years all the talk was on building a bigger conglomerate, possibly using Sears "super valuable" real estate to fuel it. https://www.bloomberg.com/news/articles/2004-11-21/the-next-warren-buffett https://www.bloomberg.com/news/articles/2004-11-21/the-next-...