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Kohl's bidder Franchise Group said in talks to keep management if deal succeeds

Jun. 21, 2022 9:56 PM ETKohl's Corporation (KSS) Stock, FRG StockAPOBy: Joshua Fineman, SA News Editor21 Comments

Kohl"s Department Stores Receives Unsolicited Bid From Hedge Fund Starboard Value LP

Justin Sullivan/Getty Images News

  • Kohl's (NYSE:KSS) bidder Franchise Group (NASDAQ:FRG) is said in talks to retain management, including the department store's CEO Michelle Gass, if a planned sale is completed.
  • Franchise Group is believed to have confidence in Gass

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