Sears Licenses DieHard Brand
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June 7, 2011
Sears Holdings Corp. has agreed to license its DieHard brand to Dorcy International, which permits the Ohio-based flashlight and battery maker to sell the brand to retailers in the United States, Puerto Rico and the Caribbean, according to a Reuters report.
"Through this license agreement, we look forward to expanding the reach of the DieHard brand," said Scott Freidheim, executive vice president at Sears Holdings and president of Kenmore, Craftsman and DieHard.
Similar deals have already been struck with Sears’ Craftsman tools, which are also sold through Ace Hardware. The deal with Dorcy was signed shortly after the company’s new executive leadership discussed the opportunity “to sell its brands elsewhere and keep their cachet,” the Reuter’s report said.
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