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Kohl’s Urged to Take into account Sale by Activist Investor

Kohl’s Urged to Take into account 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 accordance with a letter despatched to Kohl’s board Sunday and considered by The Wall Avenue Journal. Engine owns a roughly 1% Kohl’s stake.

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