Omnichannel
Kohl’s sale price could be $8B, claims report
June 9, 2022
Kohl's, which is in exclusive sale talks with Franchise Group Inc., could sell for $8 billion and be financed mostly by selling the brand's real estate.
The retailer owns 410 sites, leases 517 locations and has leases on another 238 stores, according to a Wall Street Journal report.
Its pursuer owns Pet Supplies Plus and Vitamin Shoppe, as well as other retail companies. The part cash and real estate sell-off is a strategy that was used in past retail acquisitions such as Toys R Us, and one analyst doesn't view it as a strong financial approach.
"Using the real estate to fund the acquisition will leave Kohl's in a weaker position," Neil Saunders, managing director of research firm GlobalData PLC, told WSJ.
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