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Who Is the Owner of Sears? |
Who Is the Owner of Sears? KMart? Sears was acquired by Kmart Holding Corp. in March 2005. The deal formed a new parent company, Sears Holding, which owns both chains. Source(s): http://biz.yahoo.com/ic/11/11338.html... K-Mart bought Sears a couple years ago. The shareholders - each piece of stock is a small stake in the ownership of the company. Sears bought KMart, not the other way around. KMart didn't have enough capital to keep running, much less enough to buy a large corporation like Sears. Sorry Brandon, but the other two people have it correct. Sears was acquired by Kmart Holding Corp. in March 2005. They kept the Sears name because it is better known for quality. Sears was 'bought out' by the K-Mart Corporation several years ago ... so that is the 'owner' of Sears, now. Put the K-Mart Corp. is a 'publicly held company' which is OWNED by anyone who owns 'stock' in that company, so if you 'own stock' in K-Mart, or in Sears, then you are ONE of MANY OWNERS ... and the 'board' must answer in part to YOU (according to how much stock you own). Sears. |
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