JCPenny Owners Seek to Buy Kohl's

JCPenny Owners Seek to Buy Kohl's

JCPenny owners offer $8.6 Billion to buy Kohl's. Sources indicate that the plan is for JCPenney’s corporate parents to continue to maintain two separate brands while streamlining operations and cutting costs. The bidders’ plan for Kohl’s is to slash costs by $1 billion over the next three years, according to the source.

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