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The Craftsman trademark was registered by Sears on May 20, 1927. [2] Arthur Barrows, head of the company's hardware department, liked the name Craftsman and reportedly bought the rights to use it from the Marion-Craftsman Tool Company for $500 (equivalent to $8,770 in 2023). [3] The brand's early customers were mostly farmers.
2017: On January 5, news reports indicated that it would acquire the Craftsman brand from KCD, LLC (a Sears Holdings subsidiary). [25] Subsequent reports by Bloomberg indicated that the company would pay $525 million initially, an additional $250 million after three years, as well as annual payments on new Craftsman sales for 15 years. [26]
Stanley Black & Decker has acquired Sears' iconic Craftsman brand for about $900 million, the companies announced Thursday.
Both brands were strong players in the high-rise bicycle market, eventually they would join forces in the coming years; eventually the bicycle brand MTD would fade out while Columbia would continue. The green bicycle is a stock MTD The King; the red bicycle is a lowrider built using the frame.
Changes are afoot at Sears that have some people wondering if the 117-year-old retailer might just put itself out of business. For the first time, consumers can buy Craftsman tools and Die Hard ...
Black & Decker is recalling about 160,000 cordless electric lawnmowers sold under the Black & Decker and Sears Craftsman brands because they can start without warning, even when the safety key is ...
The company was founded in the early 20th century to supply munitions in World War I, and made mortar housings in a screw machine plant on Harrison Street in Chicago. During the 1920s SK operated primarily as a contract company, making tools for other brands (including Craftsman). [3]
That year, the two brands counted 3,500 US stores between them and more than 300,000 employees. Today’s Sears’ footprint is minuscule, with no more than 12 Sears stores remaining in the ...