Powered by

Analyst: With settlement in place, Kohl's likely to stick with strategic plan

Apr 16, 2021 - Milwaukee Business Journal
Board and Executive Moves

Kohl's Corp. is likely to stay with its strategic plan after settling with the activists who were pushing the company for change, according to one analyst.

A coalition of activist investors began a public campaign in February seeking to take over the Menomonee Falls-based retailer's board. On Wednesday, though, Kohl's (NYSE: KSS) and the investor group announced they reached a truce. As a result, Kohl's is adding three members to its board, and the election at next month's shareholders mee...