Company type | Conglomerate |
---|---|
Industry | Retail |
Founded | 1891 |
Defunct | 1999 |
Fate | Acquired by Philip Green |
Successor | Arcadia Group |
Headquarters | London, UK |
Key people | Charles Clore (Chairman) |
Number of employees | 65,000 |
Sears plc was a large British-based conglomerate. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It was acquired by Charles Clore in the 1950s who expanded the company to be one of the largest retailers in Britain. It was acquired by Philip Green in 1999 who oversaw the break up of the group.
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