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CNN reports that “struggling” Sears has formed a “special committee” to explore the sale of Kenmore, its longtime private label appliance brand.

It is broadly expected that the buyer will be Eddie Lampert, the investment banker who, as Sears’ chairman/CEO, largely has overseen its recent decline. Lampert has urged the company’s board to sell Kenmore, as well as its parts and home services businesses.

Last year, Sears sold its Craftsman tool brand to Stanley Black & Decker for $900 million, and the brand now is being sold at Lowe’s.

While Lampert has maintained that Sears can be returned to profitability, the retailer has conceded that there are "substantial doubts" that it can survive.
KC's View:
Seems pretty clear from here that when it is all over, Sears will be nothing but a memory and Lampert will own any brand or real estate that has value, which he’ll then sell to someone else at a tidy profit.

At least, that’d be my guess.