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The Latest Breaking News from Franchise Group

Distressed retail chains file for Chapter 11 bankruptcy

A giant operator of several retail chains filed for Chapter 11 bankruptcy with a restructuring support agreement.

The Street

2 Great Income Opportunities From Friday’s Unusual Options Activity

Twelve put options had volume-to-open-interest ratios over 10.0 by midday Friday. Here are two income opportunities worth considering.

Barchart

Kohl's Rolling Out New Store Format With Key Partner

Kohl's has a change in plans as it moves ahead with partnership expansion.

The Street

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read the most diverse news in one place.

Target Copies a Key Kohl's Move

Kohl's does something even Target wants in on.

The Street

Beloved Mall Retailer Makes Massive $2.6 Billion Change

The deal should be finalized by the end of 2023 and affects over 3,000 stores.

The Street

Kohl’s Shoots for a Holiday Comeback With More Deals

Kohl's sweetens its rewards program through the holidays.

The Street

Kohl’s Challenges Target/Ulta Partnership with Sephora Addition

Kohl's and Target both want growth through beauty lines.

The Street

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Read How Analysts Reacted To Kohl's Conclusion Of Strategic Review Process

Telsey Advisory Group analyst Dana Telsey has lowered the price target on Kohl's Corp (NYSE:KSS) to $35 (19% upside) from $55 and kept the Market Perform rating on the shares. Kohl's abandoned its negotiations with Franchise Group, considering the challenges in the current retail and financing environment. Also, the retail chain has cut its Q2 sales guidance on ongoing inflationary…

Benzinga

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.

Bangkok Post

Stock Market Closes Higher On First Day Of July; Defensive Stocks Lead As Recession Fears Loom

The stock market gained Friday even as more economic data pointed to a looming recession. Utility stocks soared.

Investors Business Daily

Dow Jones Rallies More Than 200 Points Despite Intel Smackdown; Watch These Biotech Stocks Now

The Dow Jones strengthened in afternoon trading Friday, along with the Nasdaq, which was unfazed by a sell-off in semiconductor stocks.

Investors Business Daily

Stocks In The Red To Start Quarter; Semis Are Hit Hard

The ISM Manufacturing Index dropped to 53.0 in a sign of weakness for the economy.

Investors Business Daily

Why Kohl's Stock Is Sinking Today

Kohl's Corp (NYSE: KSS) shares are trading sharply lower Friday after the company announced it's terminating talks with Franchise Group over a potential sale.

Benzinga

Kohl's Stock Plunges As Retailer Scraps Franchise Group Sale Talks

"Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said chairman Peter Boneparth.

The Street

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Benzinga

Why Kohl's Stock Is Down More Than 9% Today

Kohl's Corporation (NYSE: KSS) shares are trading lower following reports suggesting Franchise Group is considering lowering its bid for Kohl's from about $60 to closer to $50 per share.

Investors Business Daily

Franchise Group Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating

A Relative Strength Rating upgrade for Franchise Group Inc shows improving technical performance.

Benzinga

Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

Franchise Group Inc (NASDAQ:FRG) is considering taking more than $2 billion in loan from Apollo Global Management, Inc. (NYSE:APO) to acquire Kohl’s Corp (NYSE:KSS), New York Post reported. Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid. The report noted Apollo is considering lending money to fund the buyout at less than three…

Benzinga

Analysis: Kohl's Downhill Road To Seeking A Buyer

The news from earlier this week that Kohl’s Corp. (NYSE: KSS) was in advanced talks to be acquired by Franchise Group Inc. (NASDAQ: FRG) marked the beginning of the end for a financially troubled

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news in one place.

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Bangkok Post

Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner

Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion.

Benzinga

Why Kohl's Stock Is Moving Higher Today

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

The Street

Kohl's Stock Surges On Exclusive Sale Talks With Franchise Group

"The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements," Kohl's said.

The Street

Stock Futures Lower, Kohl's, Twitter, Bitcoin and Boris in Focus - Five Things You Must Know

Stock futures edge lower as Treasury yield rise; Kohl's shares surge amid exclusive takeover talks; Twitter shares extend slide as Texas AG probes 'fake account' data; Bitcoin tumbles back below $30,000 as rate moves clip demand and Boris Johnson damaged after narrowing winning no-confidence vote.

Benzinga

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

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