THE WHAT? Kohl’s Corp has seen shares rise 8.3 percent following news of the company having entered into a three-week negotiation period with the Franchise Group in what is reported as a US$8 million takeover bid.
THE DETAILS According to Bloomberg, the companies are entering into exclusive negotiations to discuss Franchise’s bid to buy the company at US$60 a share.
THE WHY? The buyout bid follows the retailer’s rejection of a higher offer earlier in the year. Since then, Kohl’s stock has dropped and it continues to trade below its peak.
Having rejected lower offers, Kohl’s instructed Goldman Sachs Group to deal with select bidders, before seeing off a takeover bid by activist investor Macellum Capital Management, which attempted to overhaul the board.
Speaking to Bloomberg, Morningstar analyst David Swartz, said, “It’s a disappointment because we know that Kohl’s had potentially opportunities to sell it for higher than what’s being offered now. But those opportunities are probably gone now, and there’s no guarantee that they’ll come back.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
-
Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
-
Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
-
Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
-
Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
-
Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
-
Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
-
Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
-
Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
