KOHL’S EXPLORES ACQUISITION OF AT HOME GROUP

  • U.S. department store operator Kohl’s has approached At Home to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday.
  • A deal would help Kohl’s expand its customer base, which focuses on women’s, men’s and children’s clothing, and boost its presence in the home goods category, which has traditionally accounted for a small part of its business.
  • Kohl’s stock dipped nearly 2% late Wednesday, while shares of At Home surged more than 7%.

U.S. department store operator Kohl’s has approached At Home to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday.

A deal would help Kohl’s expand its customer base, which focuses on women’s, men’s and children’s clothing, and boost its presence in the home goods category, which has traditionally accounted for a small part of its business.

Kohl’s stock dipped nearly 2% late Wednesday, while shares of At Home surged more than 7%.

Kohl’s recently started conversations with At Home to explore a deal, the sources said. At Home has been exploring a sale for the last three months, and is already in advanced deal negotiations with private equity firms, including Hellman & Friedman, the sources added…

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