Activist investor Engine Capital is calling for Kohl’s to either spin off its online business or sell the company entirely to increase shareholder value. In a public letter to Kohl’s board of directors on Monday, Engine Capital, which has a 1% stake in Kohl’s, said the department store chain’s e-commerce arm could get a $12.4 billion valuation as a separate company, 59% higher than the $7.8...
Kohl’s Activist Investor Urges Retailer to Spin Off E-commerce or Sell the Company
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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