The department store announced Friday that it has ended its strategic review process and will no longer consider selling itself to Franchise Group , a holding company that owns The Vitamin Shoppe and other retail brands. Kohl's blamed extreme market volatility and said its finances are healthy enough to go it alone.
""Kohl's management never really wanted to sell the business, favoring instead to follow their own strategic plans," Saunders wrote."They entertained Franchise Group as it was the least worst option and would have kept the company intact and some of the current management in place, but they will not likely mourn the termination of talks."Kohl's also lowered its sales outlook Friday.
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