Kohl's Scraps Talks for Sale to Franchise Group
Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making.
Stay updated with breaking news from Peter Boneparth. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Kohl's Corp. stock prices tumbled after company the company said current financing and retail environment has 'significantly deteriorated.'
The Wisconsin-based retailer must now convince Wall Street that it can succeed on its own, but it won’t be easy.