- Kohl's just reported Q1 FY 2022 EPS figures that missed consensus estimates. Management also cut its full year FY 2022 EPS guidance.
- Given the much tougher macro backdrop, since January 2022, including much higher interest rates, I would argue that would-be private equity buyers can't make the math work.
- Simon Property/Brookfield Asset Management are the most logical buyers as they have really strong balance sheets and can easily access reasonable/cheap debt capital.
For further details see:
If Kohl's Agrees To Be Sold, Simon Property & Brookfield Are Logical Buyers