Estimated reading time: 0 minutes, 35 seconds

Liberty Tax, becoming a parent to franchise organizations, has agreed to buy Sears. Hometown Outlet and the Sear’s business, Buddy’s Home Furnishing Stores. The deal is a cash transaction with a value of about $132.9 million and is expected to close next month.

Another Liberty holding, Buddy’s Newco, had acquired 41 Buddy’s Home Furnishings from A-Team Leasing, a Buddy’s franchisee. A-Team plans to become a franchisee of five Sears Outlet locations. In addition, Liberty expects to complete the purchase of the Vitamin Shoppe in the fourth quarter.

The parent company, Liberty Tax, is changing its name to Franchise Group, Inc., with its tax preparation services operating under the name Liberty Tax as a subsidiary.

Last modified on Tuesday, 10 September 2019
Read 1342 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings


For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue


Background Color
Text Color


Background Color


Select menu
Google Font
Body Font-size
Body Font-family
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline