Who Owns Kohl's Department Stores? - Your Questions Answered

Who owns Kohl's Department stores? The answer is Kohlberg Kravis Roberts & Co. L.P., abbreviated as KKR, which is an American global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds.

Kohl's is an American department store chain, operating over 1,100 stores in 49 states. The company was founded in 1962 by Maxwell Kohl in Milwaukee, Wisconsin, and is headquartered in Menomonee Falls, Wisconsin.

KKR acquired Kohl's in 2021 for $10 billion. The deal was part of KKR's strategy to invest in retail and consumer companies. The investment firm has a long history of investing in the retail sector, having previously owned other major retailers such as Toys "R" Us and Sears.

Kohlberg Kravis Roberts & Co. L.P.

| Name | Title | |---|---| | Henry Kravis | Co-Chairman and Co-CEO | | George Roberts | Co-Chairman and Co-CEO | | Scott Nuttall | President and COO |

Importance of KKR's acquisition of Kohl's

KKR's acquisition of Kohl's is a major development in the retail industry. The deal will allow KKR to leverage its expertise in the retail sector to help Kohl's improve its operations and grow its business. KKR has a track record of success in the retail industry, having helped to turn around other major retailers such as Toys "R" Us and Sears.

KKR's acquisition of Kohl's is also a sign of the changing retail landscape. The retail industry has been undergoing a major transformation in recent years, as consumers increasingly shop online. This has led to the decline of many traditional brick-and-mortar retailers. However, KKR believes that there is still a place for physical retail stores, and that Kohl's is well-positioned to succeed in the changing retail landscape.

FAQs on "Who Owns Kohl's Department Stores?"

This section addresses frequently asked questions regarding the ownership of Kohl's Department Stores, providing concise and informative answers.

Question 1: Who currently owns Kohl's Department Stores?

Kohl's Department Stores is currently owned by Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm.

Question 2: When did KKR acquire Kohl's Department Stores?

KKR acquired Kohl's Department Stores in 2021.

Summary: Kohl's Department Stores is owned by Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm with a strong track record in the retail sector.

Conclusion

In conclusion, Kohl's Department Stores is owned by Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm with a strong track record in the retail sector. KKR's acquisition of Kohl's is a major development in the retail industry, and it is expected to help Kohl's improve its operations and grow its business.

The changing retail landscape presents both challenges and opportunities for Kohl's. However, with KKR's support, Kohl's is well-positioned to succeed in the years to come.

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