Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers
Retail TouchPoints
SEPTEMBER 22, 2022
Ancora cited Kohl’s repeated rejection of acquisition offers, including from Sycamore Partners and Acacia Research in February 2022 and Franchise Group in July 2022, as part of the need for new management. The activist investor expressed concern that Kohl’s will be unable to manage a true turnaround. The fact is that Ms.
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