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Kohl's Targeted by Same Activist Investors Who Cleaned House at Bed Bath & Beyond

Rich Duprey, The Motley Fool
·2-min read
Kohl's Targeted by Same Activist Investors Who Cleaned House at Bed Bath & Beyond

The trio of activist investors who cleaned house at Bed Bath & Beyond are looking to do the same at Kohl's (NYSE: KSS). Macellum Advisors, Ancora Holdings, and Legion Partners Asset Management, which own a combined 9.5% stake in the department store chain, want to appoint nine directors to Kohl's 12-person board. There are a number of issues the activist investors want the retailer to take, but a priority is having directors with retail experience to work alongside CEO Michelle Gass to turn the company around.

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