Activist investor calls on Kohl's board to oust chair, CEO

Activist investor wants Kohl's to remove longtime chair Peter Boneparth and veteran chief executive officer Michelle Gass. In a letter sent Thursday to the department store chain's board, Ancora...

Activist investor calls on Kohl's board to oust chair, CEO

Activist investor wants Kohl's to remove longtime chair Peter Boneparth and veteran chief executive officer Michelle Gass. In a letter sent Thursday to the department store chain's board, Ancora...

Activist investor calls on Kohl's board to oust chair, CEO

An activist investor wants Kohl's to remove longtime chair Peter Boneparth and veteran chief executive officer Michelle Gass. In a letter sent Thursday to the department store chain's board,...

Activist investor pushes Kohl's to oust its CEO and chairman

Activist investor Ancora Holdings is pushing for the removal of Kohl's CEO and chairman. Michelle Gass has been CEO since 2018, and Peter Boneparth became chairman this year. The firm, which has a...

Activist investor pushes Kohl's to oust its CEO and chairman

Activist investor Ancora Holdings is pushing for the removal of Kohl's CEO and chairman. Michelle Gass has been CEO since 2018, and Peter Boneparth became chairman this year. The firm, which has a...

Activist Investor Ancora Looks to Oust Kohl's CEO, Chairman

In a letter to Kohl’s board, Ancora said the retailer needs new leadership following a slow recovery from the pandemic, plunging profits and the scrapping of a potential sale to Franchise Group.

Activist investor pushes for removal of Kohl's chairman, CEO

NEW YORK (AP) — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohl’s for what it calls a botched strategy and dramatic...

Exclusive-Oak Street in $2 billion bid for Kohl's real estate-sources

By Svea Herbst-Bayliss -Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl's Corp (NYSE:KSS) and have the U.S....

Oak Street Makes Offer to Acquire Up To $2bn of Property from Kohl's

By Sam Boughedda A report from Reuters Friday states that private equity firm Oak Street Real Estate Capital has offered to buy up to $2 billion of property from Kohl's . Kohl's shares jumped over...

Kohl's sale falls apart in shaky retail environment - Channel3000.com

Kohl’s entered exclusive talks early this month with Franchise Group. Deal was worth about $8 billion, or $60 per share. “Given the environment and market volatility, the Board determined that it...

5 things to know before the stock market opens Friday

The European Central Bank on Friday said year-over-year inflation rose 8.6% in June. U.S. stock markets will be closed Monday for the Fourth of July. Here are the most important news items that...

Kohl's says a real estate sale is on the table after scrapping deal talks

Kohl's is looking to sell some of its real estate. This reverses a prior stance that the retailer had against so-called sale-leaseback transactions. Kohl's for months has been pressured by...

Stocks making the biggest moves midday: Micron, Kohl's, Meta Platforms and more

Micron Technology shares fell about 6% after the company issued disappointing fiscal fourth-quarter guidance. The warning pulled down other chip stocks, which were among the top decliners in the...

Kohl's takes down the 'for sale' sign

Franchise Group says it will no longer offer to pay $60 for a share. The offer price had been set at $60. The company says it is open to "all opportunities to maximize value" for its shareholders....

Stock Futures Slip After Worst Start to Year in Decades

U.S. stock futures drifted lower at the start of the second half of the year. Futures for the S&P 500 shed 0.4% Friday. The broad index closed out Thursday lower, heaping on additional losses....

Stock Futures Drop to Start Second Half

U.S. stock futures drift lower at the start of the second half of the year. Investors bracing for more volatility amid heightened inflation and expected interest-rate increases. Futures for the...

Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

Kohl's has called off talks to sell its business to The Vitamin Shoppe owner Franchise Group, sources tell CNBC. Franchise Group had been weighing lowering its bid for Kohl's to closer to $50 per...

Franchise Group considers lowering Kohl's bid closer to $50 a share from about $60, source says

The retail holding company Franchise Group is weighing lowering its bid for Kohl's to closer to $50 per share from about $60. The owner of The Vitamin Shoppe is actively considering whether or not...

The Business-Killing Move Kohl's Is About To Make

Once a retail titan, Kohl's now barely exists as a shell of its former self. Franchise Group, a holdings company that owns The Vitamin Shoppe, came in with a $60 per share bid. Kohl’s has since...

Kohl’s puts up a for sale sign

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Kohl's Suitor Wants to Buy the Chain by Selling Kohl's Properties

Kohl’s Corp. is in talks to be sold for around $8 billion. Franchise Group said it would kick in $1 billion, but most of the money will be financed by real estate. The company has entered into a...

Kohl's puts up a for-sale sign

Franchise Group has proposed to buy Kohl's for $60 a share. Deal would value department store at around $8 billion, Wall Street Journal reports. KohL's stock closed at $42.12 on Monday and rose...

5 things to know before the stock market opens Tuesday

Wall Street set to open lower as bond yields remain high. Target shares sink after the retailer warns about earnings. Kohl's jumps after entering into sale talks with Vitamin Shoppe owner. Yellen...

Kohl's, Franchise Group enter exclusive negotiations over sale

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Kohl's enters exclusive sale talks with Franchise Group

CNN.com will feature iReporter photos in a weekly Travel Snapshots gallery. Please submit your best shots of the U.S. for next week. Visit CNN.com/Travel next Friday for a new gallery of snapshots...

Kohl's sale negotiations could drag on for weeks, possibly longer, amid market volatility

It could take several weeks, if not longer, for a deal to come together, a person familiar with the situation told CNBC. The dialogue has been particularly lengthy because of the difficulty in...

Sycamore, Franchise Group Submit Bids for Kohl’s

Sycamore, Franchise Group Submit Bids for Kohl's Corp. Sycamore’s bid values the Wisconsin department-store chain in the mid-$50s a share. Franchise Group offered around $60, some of the people...

Kohl's stock surges on report bidders are still competing for company amid market volatility

Kohl's shares surged more than 15% Wednesday, after being briefly halted. A Reuters report said bidders competing to buy Kohl's are preparing to make binding offers, albeit lower than the...

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