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
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.