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Sears has sold the Adam's children's wear chain of 325 shops to management for £87m.

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.

Sears has accepted a £549m takeover offer from Philip Green, the retail entrepreneur.

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.

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.

Sears has sold 44 Shoe City outlets to Brantano of Belgium for an initial £6m, but 39 other shops are being closed.

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.

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.

Stylo has bought the retail and wholesale operations of the Hush Puppies shoe business from Sears for £23m.

Sears has sold Hoogenbosch Beheer, the Dutch shoe retailer with 308 outlets, to a management buy-out for £47m.

Sears is selling Olympus, the sports retailers, to Mayfind for £20m.