News

Kohl’s Urged to Contemplate Sale by Activist Investor

An activist investor is urging department-store chain Kohl’s Corp. to think about a sale of the corporate or a separation of its e-commerce enterprise.

New York-based hedge fund Engine Capital LP desires the retailer to look at the 2 options to enhance its lagging inventory value, in keeping with a letter despatched to Kohl’s board Sunday and seen by The Wall Avenue Journal. Engine owns a roughly 1% Kohl’s stake.

You May Also Like

World

France, which has opened its borders to Canadian tourists, is eager to see Canada reopen to the French. The Canadian border remains closed...

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

© 2021 Newslebrity.com - All Rights Reserved.