Since taking the helm of Kohl’s Corp. in May 2018, Chief Executive Michelle Gass has forged partnerships with Amazon.com Inc. and Sephora, brought in new brands and beefed up its loyalty program. Yet, the retailer’s stock is worth less today than it was two decades ago.
On Friday, a group backed by activist hedge fund Starboard Value LP offered roughly $9 billion to buy the department store chain, The Wall Street Journal reported, following a renewed push by a different activist to shake up its board and consider a sale.
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