Kohl’s CEO Michelle Gass said that negotiations with prospective buyers have now moved to the next phase, and they’ve been asked to refine their offers and secure financing, in a video message to store managers and above. There have been conversations between third-party advisor Goldman Sachs and 25 suitors, she said. However, Gass stated “this does not necessarily mean we are selling the company, and no decisions have been made at this time. The board is doing its job in representing our shareholders to evaluate alternatives and other options – and all of those explorations are being held up against ... Log in to view full article.