GIC Buys Stake In Kohl’s
Posted on 02/13/2024
Singapore’s GIC Private Limited has taken a substantial ownership in retailer Kohl’s. GIC now owns 5%.01 of Kohl’s. Kohl’s has 1,165 locations, which grew from humble origins in Wisconsin in 1927. Every state except Hawaii has a Kohl’s presence. Kohl’s is currently driving sales through discounts, the Kohl’s cash program, athletic wear, and social media influencers.
A few of the popular brands to have sold at Kohl’s include Vera Wang, Lauren Conrad, the Property Brothers, Jennifer Lopez, Mudd, Candies, Rock & Republic, Popsugar, Elle, and Juicy Couture. However, many of these brands are no longer affiliated with Kohl’s.
Dimensional Fund Advisors recently took a 5.2% interest in the retailer, and several other investors and large funds have moved into Kohl’s. Kohl’s counts among its shareholders Blackrock, Vanguard, T. Rowe Price, Dimensional Fund Advisors, State Street, and Macellum Advisors.