Yes, Kmart owns Sears. Kmart and Sears were both part of Sears Holdings Corporation, which was formed in 2005 when Kmart acquired Sears. However, Sears Holdings filed for bankruptcy in 2018, leading to the sale of both brands. As of now, Sears has been operating under the ownership of Transform Holdco LLC, which is a subsidiary of ESL Investments, while Kmart has also been restructured under the same parent company.
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