Kohl's enters exclusive negotiations with Franchise Group

Posted online June 7, 2022 | 7:58 am

Kohl's has entered exclusive negotiations with retail holding company Franchise Group amid interest from multiple companies in buying the department store chain.

Franchise Group is proposing to buy Kohl's for $60 per share, which values the company at roughly $8 billion.

Franchise Group reportedly is working with Oak Street Real Estate Capital on financing.

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Kohl's enters exclusive negotiations with Franchise Group

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