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Sears Sears has sold the Adam's children's wear chain of 325 shops to management for £87m. 16-Jul-1999 Arcadia is acquiring Sears' women's clothing chains for £151m, including Richards, Wallis, Warehouse, and Miss Selfridge, and 77 of the Richards stores will be closed or sold off. 09-Jul-1999 Arcadia has offered to buy a number of retail chains from Sears, including Richards, Wallis and Warehouse, for £170m. 18-Jun-1999 Sears is to sell its Freemans mail order business to Otto Versand of Germany for undisclosed terms, leaving it focus on its retail operations which include Miss Selfridge, Richards, Warehouse, Adams, Wallis and Outfit. 08-Apr-1999 Sears Property Developments has announced plans to set up a retail park of eight units at Fforest Park Estate, Ffordd Cynore. 11-Mar-1999 Sears has accepted a £549m takeover offer from Philip Green, the retail entrepreneur. 22-Jan-1999 Sears is to sell its Creation store card business to Groupe Cofinoga of France for £139m, and is also close to agreeing the sale of a number of development properties. 14-Jan-1999 Sears has rejected a £520m conditional takeover bid from Philip Green, the retail entrepreneur. 23-Dec-1998 Sears Property Developments has applied for planning permission to build a £27m retail park at Fforestfach in Swansea. 11-Dec-1998 Sears is postponing the demerger of its Freemans home shopping business due to trading problems and stock market turmoil. 14-Oct-1998 Sears has announced plans to demerge the Selfridges department store in London, with dealings in the new shares expected to start on July 20. 24-Jun-1998 Sears is setting up a joint venture with Equifax of the US to offer financial services through its store card. 26-Mar-1998 Sears has sold its Cable & Co chain of shoe shops to Nine West of the US for £6m, thus completing its exit from the shoe business. 06-Feb-1998 Sears is to bring forward the demerger of its Freemans home shopping business to later this year, and it is also said to be discussing the sale of its Cable & Co shoe business to Nine West of the US. 16-Jan-1998 Sears has sold 44 Shoe City outlets to Brantano of Belgium for an initial £6m, but 39 other shops are being closed. 24-Dec-1997 Sears has sold its Shoe Express retailing chain for £8.3m to a former chairman of Amber Day who plans to retain 185 of the shops and close the remaining 136. 16-Dec-1997 Sears is considering the cancellation of its £344m computing and accounting outsourcing contract with Andersen Consulting. 31-Oct-1997 Sears is to withdraw from shore retailing by closing or selling its 775 shoe shops and department store concessions, including 150 Shoe Express outlets. 26-Sep-1997 Sears is expected to shortly announce plans to break up its shoe retailing business, including the loss-making Shoe Express chain, which could result in an exceptional charge of up to £200m. 19-Sep-1997 Nine West Group of the US has bought 65 department store concessions from the Sears shoe group for £9m, and Sears is still looking for a buyer for the remaining 150 concessions. 16-Aug-1997 Sears has reached agreement to sell the Freemans mail order business to Littlewoods for £367m, and also plans to demerge the Selfridges department store next year as part of a restructuring aimed at stemming the losses in its £465m footwear business. 30-Apr-1997 N Brown has pulled out of talks to acquire the Freemans mail order business from Sears, and Sears is said to have re-entered talks with Littlewoods. 27-Mar-1997 Littlewoods has pulled out of its proposed acquisition of the Freemans home shopping group from Sears, as it is angered by Sears holding discussions to sell the business to N Brown. 08-Mar-1997 Littlewoods' £395m acquisition of Freemans from Sears has been referred to the Monopolies and Mergers Commission as it would increase Littlewoods' share of the mail order market from about 15% to 25%. 12-Feb-1997 Sears has sold its half share in the St Enoch shopping centre in Glasgow to Despa, the German property fund, for £80m. 15-Nov-1996 Sears is planning to open four more Selfridges department stores in city centres such as Birmingham and Glasgow, but they are unlikely to open until 2000. 18-Sep-1996 Stylo has bought the retail and wholesale operations of the Hush Puppies shoe business from Sears for £23m. 03-Aug-1996 Sears has sold Hoogenbosch Beheer, the Dutch shoe retailer with 308 outlets, to a management buy-out for £47m. 23-Apr-1996 Millets Leisure, the chain of outdoor clothes and camping equipment shops, has been bought from Sears in a management buy-out, for about £17m. 05-Mar-1996 Sears plans to open a Selfridges department store in Manchester by the end of 1998, its first outside London. 21-Feb-1996 Sears is cutting 300 jobs from its shoe division following the recent sale of the Saxone and Curtess chains. 06-Feb-1996 Sears is planning to open at least one new Selfridges store in the north of England, and eventually plans to have a chain of department stores across the country. 14-Jan-1996 Sears plans to dispose of its Saxone and Curtess shoe chains and Millets and Sears Retail Group. 12-Jan-1996 Sears is selling Olympus, the sports retailers, to Mayfind for £20m. 28-Nov-1995 More from the Retailing sector Related pages: Plymouth City Council Tesco New Look Rosebys Safeway The information on this page comes from the UK Activity Report. 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