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.