Afternoon Coffee: Sears Files for Chapter 11 Bankruptcy, Large Defense Suppliers Merge

Sears filed for Chapter 11 bankruptcy protection from creditors Monday, keeping many of its stores open while it restructures, The Wall Street Journal reports. And CEO Eddie Lampert has stepped down. Defense contractors L3 and Harris announced a merger over the weekend, the Washington Business Journal reports. If the deal passes muster, the new company would create the sixth-largest aerospace and defense prime contractor, the Journal reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

BREAKING NEWS

Coupa Buys Aquiire, Adding to Its Lead in Catalog Search and Front-End Shopping Usability

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Coupa is buying Aquiire, a provider of e-procurement software that brings notable capabilities in real-time search and catalog management, for an undisclosed sum, the company announced Monday. In purchasing Aquiire, Coupa gains not only additional modern front-end shopping capabilities (some might argue among the most advanced) but also a complement to the industry-leading catalog management technology it gained from acquiring Simeno in December 2017.

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