Kohl's explores acquisition of At Home Group
CNBC - Wed 15 May 20:14 GMT

U.S. department store operator Kohl's has approached At Home to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday.

Kohl's explores acquisition of At Home Group

  U.S. department store operator Kohl's has approached At Home to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday.

  A deal would help Kohl's expand its customer base, which focuses on women's, men's and children's clothing, and boost its presence in the home goods category, which has traditionally accounted for a small part of its business.

  Kohl's recently started conversations with At Home to explore a deal, the sources said.

  There is no certainty that an offer from Kohl's will materialize as a result of the preliminary discussions, and At Home may revert to trying to sell itself to a buyout firm, the sources added, asking not to be identified because the matter is confidential.

  Kohl's and At Home did not immediately respond to requests for comment, while Hellman & Friedman declined to comment.