Sears Canada Inc. was recently granted court approval to proceed with a sale process that would allow the retailer to consider a range of potential deals. It has signed non-disclosure agreements with more than 20 parties as a part of the planned sale process. Edward Lampert's ESL Partners LP and Fairholme, which own about two-thirds of Sears Canada, said they were considering a potential deal with the retailer and had engaged a legal adviser. BMO Nesbitt Burns Inc will conduct the sale process which would consider bids and proposals for deals involving its business, assets and leases, either in whole or in part.