Kohl’s has gotten “multiple” preliminary offers from entities looking to acquire the department store chain, company officials confirmed Monday (March 21), according to a company press release.
The proposals are “non-binding and without committed financing,” the company press release says, adding that Kohl’s has hired Goldman Sachs to coordinate the next steps with buyers.
Canadian department store chain Hudson’s Bay Company is one of the “multiple” bidders, a person familiar with the talks told CNBC for its report Monday. Private equity firm Sycamore Partners had been rumored to be considering a bid last week when reports surfaced about interest by Hudson’s Bay, but it’s unclear if it was among the bidders to submit proposals by Kohl’s Wednesday deadline.
Source: Pymnts
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