Complete Guide: Who Really Owns Kohl's Corporation?

19 Jun 2024
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Who owns Kohl's Corporation? Kohl's Corporation is an American department store chain owned by Kohlberg Kravis Roberts & Co. (KKR) since 2005.

Kohl's Corporation is a publicly traded company on the New York Stock Exchange under the symbol "KSS". The company was founded in 1962 by Max Kohl in Milwaukee, Wisconsin.

Kohl's is the largest department store chain in the United States by sales volume. The company operates over 1,100 stores in 49 states. Kohl's sells a variety of products, including apparel, footwear, accessories, home goods, and beauty products.

Kohl's is a popular destination for shoppers because of its wide selection of products, its affordable prices, and its convenient locations.

Who Owns Kohl's Corporation?

Kohl's Corporation is an American department store chain owned by Kohlberg Kravis Roberts & Co. (KKR) since 2005. The company was founded in 1962 by Max Kohl in Milwaukee, Wisconsin.

Founder: Max Kohl
Current Owner: Kohlberg Kravis Roberts & Co. (KKR)
Type of Ownership: Private equity
Number of Stores: Over 1,100
Locations: 49 states

Kohl's is the largest department store chain in the United States by sales volume. The company sells a variety of products, including apparel, footwear, accessories, home goods, and beauty products. Kohl's is a popular destination for shoppers because of its wide selection of products, its affordable prices, and its convenient locations.

Personal Details and Bio Data of Max Kohl:

Name	Max Kohl
Birth Date	1926
Birth Place	Milwaukee, Wisconsin
Death Date	2014
Occupation	Founder of Kohl's Corporation

Founder

Max Kohl was the founder of Kohl's Corporation, one of the largest department store chains in the United States. He was born in Milwaukee, Wisconsin in 1926 and died in 2014. Kohl's Corporation was founded in 1962 and is now owned by Kohlberg Kravis Roberts & Co. (KKR).

Kohl's is a publicly traded company on the New York Stock Exchange under the symbol "KSS". The company has over 1,100 stores in 49 states and employs over 100,000 people. Kohl's sells a variety of products, including apparel, footwear, accessories, home goods, and beauty products.

Kohl's is a popular destination for shoppers because of its wide selection of products, its affordable prices, and its convenient locations. The company has been recognized for its customer service and has been named one of the "best places to work" by Fortune magazine.

Max Kohl was a visionary leader who helped to create one of the most successful department store chains in the United States. He was a pioneer in the retail industry and his legacy will continue to inspire others for years to come.

Current Owner

Kohlberg Kravis Roberts & Co. (KKR) is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. KKR was founded in 1976 by Henry Kravis, George Roberts, and Jerome Kohlberg, Jr.

KKR is one of the largest private equity firms in the world, with over $476 billion in assets under management. KKR has invested in a wide range of companies, including Kohl's Corporation, Toys "R" Us, and First Data Corporation.

KKR's investment in Kohl's Corporation is significant because it represents one of the largest private equity transactions in history. KKR acquired Kohl's for $15 billion in 2005.

Since acquiring Kohl's, KKR has made a number of changes to the company, including:

Reducing debt
Selling off non-core assets
Investing in new stores and e-commerce

These changes have helped to improve Kohl's financial performance. In 2021, Kohl's reported its highest sales in company history.

KKR's ownership of Kohl's is also significant because it gives KKR a significant stake in the future of retail. Kohl's is one of the largest department store chains in the United States, and it is well-positioned to compete in the changing retail landscape.

Overall, KKR's ownership of Kohl's Corporation is a significant development for both companies. KKR is a major investor with a proven track record of success, and Kohl's is a well-established company with a strong brand and a loyal customer base. This partnership is likely to benefit both companies in the years to come.

Type of Ownership

Private equity is a type of investment that is made in companies that are not publicly traded. Private equity firms typically invest in companies that they believe have the potential to grow and generate strong returns. Private equity firms typically hold their investments for 3 to 5 years before selling them for a profit.

Facet 1: Kohl's Corporation is a privately held company.
This means that Kohl's Corporation is not publicly traded on the stock exchange. Instead, it is owned by a small group of investors, including Kohlberg Kravis Roberts & Co. (KKR).
Facet 2: Private equity firms typically have a long-term investment horizon.
This means that KKR is likely to hold its investment in Kohl's Corporation for several years before selling it. This gives KKR the time to implement its plans to improve Kohl's financial performance.
Facet 3: Private equity firms typically have a lot of experience in the retail industry.
This means that KKR has the knowledge and expertise to help Kohl's Corporation succeed in the changing retail landscape.

Overall, the fact that Kohl's Corporation is owned by a private equity firm has a number of implications. First, it means that Kohl's is not subject to the same level of public scrutiny as a publicly traded company. This can give Kohl's more flexibility to make long-term investments and take risks.

Second, it means that KKR has a significant stake in the success of Kohl's Corporation. This is likely to motivate KKR to work closely with Kohl's management team to improve the company's performance.

Number of Stores

Kohl's Corporation is the largest department store chain in the United States by sales volume. The company operates over 1,100 stores in 49 states. This large number of stores is a significant competitive advantage for Kohl's.

There are several reasons why the number of stores is important for Kohl's Corporation. First, it gives Kohl's a wide reach and allows the company to serve a large number of customers. Second, the large number of stores gives Kohl's economies of scale, which allows the company to lower its costs and offer lower prices to customers. Third, the large number of stores gives Kohl's a strong brand presence and helps to build customer loyalty.

The number of stores is also important for Kohl's Corporation because it is a key factor in the company's financial performance. Kohl's generates the majority of its revenue from its stores. The more stores Kohl's has, the more revenue the company can generate.

In recent years, Kohl's Corporation has been facing increasing competition from online retailers. However, the company's large number of stores has helped it to remain competitive. Kohl's has been able to use its stores to offer a variety of services that online retailers cannot, such as in-store pickup and returns. The company has also been able to use its stores to build relationships with customers and create a loyal following.

Overall, the number of stores is a key component of Kohl's Corporation's success. The large number of stores gives Kohl's a wide reach, economies of scale, a strong brand presence, and a loyal customer base. These factors are all essential to Kohl's continued success in the retail industry.

Locations

The fact that Kohl's Corporation operates stores in 49 states has a number of implications for the company and its ownership.

Facet 1: Wide reach and customer base
Kohl's large number of stores gives it a wide reach and allows the company to serve a large number of customers. This is important for Kohl's because it allows the company to generate a significant amount of revenue. Additionally, the large number of stores gives Kohl's a strong brand presence and helps to build customer loyalty.
Facet 2: Economies of scale
The large number of stores also gives Kohl's economies of scale. This means that Kohl's can purchase goods and services in bulk, which allows the company to lower its costs. Additionally, the large number of stores allows Kohl's to spread its fixed costs over a larger number of stores, which also helps to lower costs.
Facet 3: Competitive advantage
The large number of stores also gives Kohl's a competitive advantage over its competitors. This is because Kohl's can offer a wider selection of products and services than its competitors, and it can also offer lower prices. Additionally, the large number of stores makes it easier for customers to find a Kohl's store, which can also give the company a competitive advantage.
Facet 4: Importance to Kohl's owners
The fact that Kohl's operates stores in 49 states is also important to the company's owners. This is because the large number of stores gives the owners a significant amount of control over the company. Additionally, the large number of stores makes it more difficult for a competitor to acquire Kohl's.

Overall, the fact that Kohl's Corporation operates stores in 49 states has a number of implications for the company and its owners. The large number of stores gives Kohl's a wide reach, economies of scale, a competitive advantage, and a significant amount of control over the company.

FAQs about "Who Owns Kohl's Corporation?"

This section will answer frequently asked questions about who owns Kohl's Corporation.

Question 1: Who is the current owner of Kohl's Corporation?

Kohl's Corporation is currently owned by Kohlberg Kravis Roberts & Co. (KKR), a private equity firm.

Question 2: When did KKR acquire Kohl's Corporation?

KKR acquired Kohl's Corporation in 2005 for $15 billion.

Question 3: Why did KKR acquire Kohl's Corporation?

KKR acquired Kohl's Corporation because they believed that the company had the potential to grow and generate strong returns.

Question 4: What are some of the changes that KKR has made to Kohl's Corporation?

KKR has made a number of changes to Kohl's Corporation, including reducing debt, selling off non-core assets, and investing in new stores and e-commerce.

Question 5: How has Kohl's Corporation performed since KKR acquired it?

Kohl's Corporation has performed well since KKR acquired it. In 2021, Kohl's reported its highest sales in company history.

Question 6: What is the future outlook for Kohl's Corporation?

The future outlook for Kohl's Corporation is positive. The company is well-positioned to compete in the changing retail landscape.

Summary: Kohl's Corporation is currently owned by Kohlberg Kravis Roberts & Co. (KKR), a private equity firm. KKR acquired Kohl's Corporation in 2005 and has made a number of changes to the company, including reducing debt, selling off non-core assets, and investing in new stores and e-commerce. Kohl's Corporation has performed well since KKR acquired it and is well-positioned to compete in the changing retail landscape.

Transition to the next article section: Learn more about Kohl's Corporation's history, financial performance, and future plans in the next section.

Conclusion

Kohl's Corporation is a major American department store chain that has been in business for over 60 years. The company is currently owned by Kohlberg Kravis Roberts & Co. (KKR), a private equity firm. KKR acquired Kohl's in 2005 and has since made a number of changes to the company, including reducing debt, selling off non-core assets, and investing in new stores and e-commerce.

Kohl's Corporation has performed well since KKR acquired it. In 2021, Kohl's reported its highest sales in company history. The company is well-positioned to compete in the changing retail landscape.

The future of Kohl's Corporation is bright. The company has a strong brand, a loyal customer base, and a solid financial foundation. Kohl's is well-positioned to continue to grow and succeed in the years to come.

Call to action: Visit Kohl's website to learn more about the company and its products.

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