Saturday, March 3, 2012

KMART SAYS IT SOLD CANADA SUBSIDIARY.(BUSINESS)

Byline: -- Bloomberg News

TORONTO -- Kmart Corp. said it sold its 123-store Kmart Canada Co. unit for $134 million to a group of Canadian and U.S. investors as part of a strategy to focus on its core U.S. department store business.

Kmart said the investor group is York Management Services Inc. of New Jersey, …

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