Kohl’s beat back activists and is in talks to be sold for around $8 billion. But its suitor could bring a new set of challenges for the department-store chain.
Franchise Group which owns the Vitamin Shoppe, Pet Supplies Plus and other retailers, said it has entered into a three-week exclusive negotiation period to acquire Kohl’s for $60 a share. Franchise Group said it would kick in $1 billion, but most of the deal will be financed by selling Kohl’s real estate.
