Is Kohl's Going Through a Makeover? [TheStreet.com]
Franchise Group, Inc. (FRG)
Company Research
Source: TheStreet.com
It's been over a month since Kohl's ( ) - turned down a takeover deal that would see Franchise Group ( ) - buying the retail company. Now, in an effort to redefine its everyday clothing image, the shop is switching gears from trendy juniors items to clothes for the everyday customer. Stock prices have been bouncing somewhere between $25-$30 a share since the sale. Will Kohl's plan to add premium denim brands to its racks be a part of the answer to company's woes? Justin Sullivan/Getty Images According to, Kohl's spoke with more than 25 companies before determining which company would be the top bidder. At the head of the race was the Franchise Group, which also owns The Vitamin Shop. But after the allotted time for "due diligence and financing arrangements" passed, Boneparth says the deal was a no-go. "Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," he added. Kohls Branding Takes A Shift In the age of
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