Sears exploring sale of home improvement business

By Jessica DiNapoli and Mike Spector

NEW YORK (Reuters) – Sears is exploring a sale of its home improvement business following interest from potential suitors such as private equity firms, people familiar with the matter said on Wednesday.

The struggling U.S. retailer’s Sears Home Services division has emerged as a coveted asset during the COVID-19 pandemic, as consumers embark on renovations while they stay home.

The division is one of the department store operator’s few crown jewels following its bankruptcy in 2018 and $5.2 billion sale to hedge fund manager Eddie Lampert, who was already its biggest shareholder and creditor.

Transformco, the owner of the Sears and Kmart retail chains, could raise at least $1 billion by divesting the home improvement business, the sources said. Sears has tapped investment bankers at Guggenheim Securities LLC to explore selling the business, the sources said.

Transformco could also sell a stake in Sears

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Ai Weiwei’s Artsy Vacation Home in Upstate New York Now For Sale

This summer, some lucky vacationers in New York will have an incredibly rare opportunity: the chance to stay overnight in a “livable sculpture” by Chinese artist Ai Weiwei. The artist and architect’s one and only building in the United States will be available for rent between June 4th and September 7th, and it’s on the market for sale, too.

Exterior view of artist Ai Weiwei's minimalist upstate New York vacation home.
Exterior view of artist Ai Weiwei’s minimalist upstate New York vacation home.

The Tsai Residence is set on 37 rolling acres in the rural community of Ancram, New York, about two hours north of Manhattan. Weiwei designed the Catskills vacation home for a Chinese-American businessman and art collector in collaboration with Switzerland’s HFF Architects in 2006. The compound includes a 3,500-square-foot, three-bedroom main house consisting of four blocky connecting modules and an adjacent Y-shaped guest house with a dramatic rust-colored Corten steel facade.

The main house is clad in white metal

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Some people balk at the idea of freelancing, thinking it’s stressful and unreliable. But many freelancers actually earn more than 9-to-5 workers. At the very least, most rake in more dollars per hour compared to 70% of workers in the overall U.S. economy. Seriously. Freelancing doesn’t sound so bad now, does it?

Either way, now that we live in a time when job security is scarce, you may want to at least look into starting a freelance

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