Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Franchise Group Inc. NASDAQ: (FRG)

The Death Spiral

Why is Kohl’s (KSS) selling itself?

Kohl’s management is negotiating a sale to Franchise Group, CNN reports. CNN claims Franchise Group is offering $60 a share for Kohl’s. I think the deal shows how bad the department store business is. Franchise is offering $60 a share for a company with over 1,100 stores and $19 billion in annual sales.

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