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Business

Sears is sued over & # 39; Craftsman & # 39; brand




NEW YORK (Reuters) – Sears is back in court, less than a month after he has come out of bankruptcy protection.

Craft branded products are on sale for sale in a Sears department store in La Jolla, California, USA, March 22, 201[ads1]7. REUTERS / Mike Blake

The seller was asked on Wednesday by Stanley Black & Decker Inc, who accused There is a breach contract and trademark breach over its new line of professional mechanical tools under the Craftsman Ultimate Collection brand.

Sears did not immediately respond to requests for comment. The complaint was filed in the 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 violated the license agreement by launching its new toolbar and exploiting its stores as "the real home of the widest range of artisans."

Stanley said that tagline false means other craftsmen are "somehow illegitimate."

It also said that Sears & # 39; actions threaten to confuse buyers and irreparably damage Stanley's own Craftsman brand and trademarks, as well as goodwill and customer relationships.

Sears came from Chapter 11 in February after chairman Edward Lampert, who oversaw his year-long descent into bankruptcy, won court approval for a $ 5.2 billion takeover, including craft licensing rights.

The reorganized company was expected to have about 425 Sears and Kmart stores, down from about 3,500 when these companies merged in 2005. The Sears brands also include DieHard and Kenmore.

The case is Stanley Black & Decker Inc against Transform Holdco LLC, U.S. Pat. District Court, Southern District of New York, No. 19-02081.

Reporting by Jonathan Stempel in New York; Editing by Richard Chang

Our Standards: Thomson Reuters Trust Principles.



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