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Sears Holdings hires global licensing agent
06
Apr '12
Sears Holdings announced that its Kenmore, Craftsman and DieHard business unit has appointed Leveraged Marketing Corporation of America as its exclusive global licensing agent. The agreement with LMCA supports KCD's global initiatives to extend the Kenmore, Craftsman and DieHard brands to new product categories and geographic markets, both within Sears Holdings and externally. LMCA will work closely with KCD to identify, evaluate and manage licensing opportunities around the world.

"This global licensing initiative for Kenmore, Craftsman and DieHard is aligned with our plans to strategically utilize our brands and other key assets to increase their long-term value," said Lou D'Ambrosio, Sears Holdings' chief executive officer and president. "We will continue to focus on delivering the quality and value of three of America's most iconic brands to our customers and members, enhancing our company's position as a leading integrated retailer."

"Our strategies to build the strength of Kenmore, Craftsman and DieHard brands center on outstanding quality and reaching new customers and creating new brand enthusiasts, both in the U.S. and abroad," said Michael Castleman, president of KCD. "LMCA is a long-time leader in corporate trademark licensing, and their experienced senior team and global reach will help us execute this component of our strategies," Castleman said.

"Kenmore, Craftsman and DieHard are three of America's most respected and trusted brands," said Allan Feldman, president and CEO of LMCA. "LMCA is very excited to be working with KCD, Sears Holdings and these great brands. We believe some of the most successful and innovative companies in the world will be interested in licensing them. With over 70 percent of the Fortune 500 already licensing their brands to create new revenue streams more efficiently, this is a very logical step for KCD."

Sears Holdings Corporation is a leading broadline retailer with over 4,000 full-line and specialty retail stores in the United States and Canada.

Sears Holdings Corporation

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