Sears is sued over 'Craftsman' brand [CNBC]
Stanley Black & Decker, Inc. (SWK)
Last stanley black & decker, inc. earnings: 4/30 06:00 am
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Source: CNBC
Sears is sued over 'Craftsman' brand Getty Images Craftsman tools The retailer was sued on Wednesday by Stanley Black & Decker Sears did not immediately respond to requests for comment. The complaint was filed in Manhattan federal court. Craftsman had been an iconic Sears brand before Stanley paid about $900 million for it in March 2017, while giving Sears what it called a "limited" license to sell some Craftsman products. But according to the complaint, Sears breached the license agreement by launching its new tool line and touting its stores as "the real home of the broadest assortment of Craftsman." Stanley said the tagline falsely implies that other Craftsman products are "somehow illegitimate." It also said Sears' actions threaten to confuse shoppers and irreparably harm Stanley's own Craftsman brand and trademarks, as well as its goodwill and customer relationships. Sears emerged from Chapter 11 in February after longtime Chairman Edward Lampert The reorganized company was expe
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SWK
Earnings
- 2/1/24 - Beat
SWK
Sec Filings
- 4/15/24 - Form 4
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form 8-K
- SWK's page on the SEC website