Stanley Black & Decker Archives - Multichannel Merchant

Sears Holdings Sells Craftsman to Stanley Black & Decker

January 5, 2017 | Mike O'Brien

Ending years of speculation, Sears Holdings will sell its popular Craftsman brand to Stanley Black & Decker for an estimated $900 million. It is also closing 108 Kmart and 42 Sears locations, while getting $150 million in loan guarantees from its CEO. So what’s in store for its other popular brand – Kenmore appliances – as the retail business continues to decline rapidly?

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Newell Brands Sells Tools Business to Stanley Black & Decker

October 13, 2016 | Daniela Forte

Newell Brands Inc. announced it plans to sell its tools business, including the Irwin, Lenox and Hilmor brands to Stanley Black & Decker for $1.95 billion, saying the decision was reached as part of a series of strategic changes.