An activist is reportedly pressuring Kohl's to consider either a sale or a separation of its online business, The Wall Street Journal reported.
According to WSJ, Engine Capital said in its letter that assuming Kohl's brings in online sales revenue of about $6.2 billion, Kohl's digital business alone would be worth $12.4 billion.
Engine Capital also said it believes that there are private equity firms that would pay at least $75 per share, the report said. And the group of investors said that talks with potential buyers suggest they could further monetize Kohl's real estate, WSJ reported. Representatives from Kohl's and Engine Capital didn't immediately respond to CNBC's request for comment.
These talks are arising as investors see the appeal of owning a piece of a faster-growing e-commerce division with more tech savvy operations. Saks' digital arm is now reportedly aiming to go publicMeantime, Macy's has been urged by
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