Activist investor pushes Kohl’s to oust its CEO and chairman

Activist investor Ancora Holdings is pushing Kohl’s to remove its chief executive and its chairman. The firm, which has a 2.5% stake in the company, wants new leadership so the company can revamp its business. The push comes a few months after the company terminated its talks to sell to Franchise Group. An investor called CEO Michelle Gass a “talented leader” and praised the Sephora partnership with the company. A spokesperson for the company said the company is committed to Gass.

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