The former ceo of the company is still seeking a takeover of the business.
One analyst believes the sale process means the retailer is in deeper financial distress than previously suspected.
The brand plans to buy out its longstanding Italian partner CF&P.
Compagnie Financière Richemont will proceed with the purchase of YNAP after nearly 95 percent of shareholders took up its offer.
This is the second investment from the new group, which is looking to partner with creative entrepreneurs.
A deal could have Sears receiving $1.7 billion, excluding its Kenmore IP asset, which doesn’t yet have a valuation.
A deal with ESL would give Sears extra liquidity.
The A.T. Kearney report is also predicting an increase in cross-border transactions with U.S. firms looking overseas for deals.
The brand’s disrupting the swimwear sector’s traditional reliance on licensed product.