Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner

Jun 8, 2022 | The Retail Store News Report

A Franchise Group deal could value department-store chain at $8 billion

Shares in Kohl’s have fallen about 15% this year.Photo: BRENDAN MCDERMID/REUTERS

By Cara Lombardo

 June 7, 2022 4:15am ET

Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion.

The Wisconsin company said it has entered exclusive talks with retail holding company Franchise Group Inc., confirming an earlier report by The Wall Street Journal. The exclusivity period is to last three weeks, the company said, adding that a deal isn’t guaranteed.