M&A Deal Summary

Sears Acquires Lands End

On May 13, 2002, Sears acquired retailer Lands End for 1.9B USD

Acquisition Highlights
  • This is Sears’ 2nd transaction in the Retail sector.
  • This is Sears’ largest (disclosed) transaction.
  • This is Sears’ 4th transaction in the United States.
  • This is Sears’ 1st transaction in Wisconsin.
Investment Fate
  • Lands End was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2002-05-13
Target Lands End
Sector Retail
Buyer(s) Sears
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Lands End

Dodgeville, Wisconsin, United States
Lands' End is a clothing retailer that markets traditionally styled, casual clothing, available through catalogs known for their folksy, chatty style. Lands' End was founded in 1963 and is based in Dodgeville, Wisconsin.

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Buyer(S) 1

Buyer

Sears

Hoffman Estates, Illinois, United States
Category Company
Founded 1886
Sector Retail
DESCRIPTION

Sears is an integrated retailer providing merchandise and other services. The Company operates department stores across the US and was originally established in 1892. Sears is headquartered in Hoffman Estates, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2002) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-18 Sears Carpet and Upholstery Care

Columbus, Ohio, United States

Sears Carpet and Upholstery Care is a provider of commercial and residential carpet and upholstery cleaning services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-07 Orchard Supply Hardware Stores

San Jose, California, United States

Orchard Supply Hardware Stores Corp., a chain of high volume, high service retail hardware stores located in California.

Sell -
Mergr

Product

Company

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