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Sears to sell stores through REIT formation

2015-04-02 11:06:22| Daily apparel & textile news and comment - from just-style.com

US department store group Sears Holdings Corp is to sell around 250 stores through the creation of a real estate investment trust, in a bid to raise US$2.5bn as part of its cost cutting efforts.

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Category:Consumer Goods and Services

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