The private equity firm Sycamore Partners is also reportedly considering a bid for Kohl’s, although it is unclear how seriously, according to Axios’s report. The U.S. retail store’s shares closed up more than 17 per cent Wednesday. (Axios)
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The private equity firm Sycamore Partners is also reportedly considering a bid for Kohl’s, although it is unclear how seriously, according to Axios’s report. The U.S. retail store’s shares closed up more than 17 per cent Wednesday. (Axios)
Talking point: Sycamore and Hudson’s Bay are both planning bids priced in the high US$60s per share, potentially valuing Kohl’s at more than US$9 billion. The next bidding round, which is due shortly, will show whether the prospective buyers will submit official offers, or if Kohl’s and its advisors think they undervalue the company. The Hudson’s Bay Company went private in 2020, and last year it separated its e-commerce and store operations to accelerate its “digital-first transformation.”
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