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...

Kohl's, Franchise Group enter exclusive negotiations over sale

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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...

Kohl's activist investor rips 'alarming' behavior by company

Macellum Advisors Managing Partner Jonathan Duskin in a scathing new letter. "We believe all of the Company’s shareholders should feel betrayed and outraged by the fact that the quarter's massive...

Kohl's says two top executives are leaving, as company seeks buyer

Doug Howe, Kohl's chief merchandising officer, is leaving immediately. Greg Revelle, chief marketing officer, will leave June 1. "A search for the replacements is already underway," the retailer...

Kohl's shareholders vote to keep directors despite activist pressure

Kohl's shareholders voted on Wednesday to reelect the company's current slate of 13 board directors. The retailer faced mounting pressure from activist Macellum Advisors for an overhaul. Kohl's is...

How Kohl's became such a mess

In 2018, Kohl's was a bright spot in the beleaguered department store sector. Not anymore. Activist investors are demanding leadership changes. The chain's sales are lower than before the...

Kohl's says takeover offers undervalue its business, initiates 'poison pill'

Kohl's said recent takeover offers undervalue its business in light of future growth. The department store also has adopted a shareholder rights plan, otherwise known as a "poison pill" The plan...

Activist Macellum asks for a seat on Kohl's board and for a commitment to explore a sale

Macellum Advisors wants at least one seat on the retailer's board. The letter comes a day after Starboard Value-backed Acacia Research confirmed an all-cash offer to buy Kohl's for $64 a share,...

Kohl’s Soars as Retailer Fields Takeover Interest From Two Suitors

Kohl’s Corp. surged as the department-store retailer fields interest from two suitors. At the same time, the retailer is grappling with multiple activist investors pressuring it to sell. Kohl's...

Kohl's under fresh pressure as Sycamore expresses interest after Acacia made bid

Kohl's may soon receive a second takeover offer as private-equity firm Sycamore Partners prepares to make a bid. The proposed offer comes only days after a consortium backed by activist investment...

Kohl’s Receives $9 Billion Offer Backed by Activist Investor

Kohl’s has received a roughly $9 billion offer to go private. The offer comes as brick-and-mortar stores struggle with supply chain issues. The deal is backed by an investment fund called...

Activist investor Macellum urges Kohl's to explore sale, other options

Activist hedge fund Macellum Advisors said on Tuesday Kohl's should explore strategic options, including a sale. The investor said it planned to nominate a slate of director candidates at a...

Stocks making the biggest moves premarket: Alibaba, Citrix, 23andMe and others

Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company's cloud unit. The probe is said to focus on how the e-commerce giant...

Kohl's just got shredded by an activist investor again

Kohl's (KSS) and its CEO Michelle Gass are being attacked by an activist investor. Engine Capital — a new activist investor in Kohl's — dropped a scathing new letter on Monday to the board of...

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