bonyadi magazine
In a regulatory filing with the United States Securities and Exchange Commission (SEC), GIC Private Ltd, a prominent fund manager headquartered in the Republic of Singapore, revealed on Thursday a new substantial ownership of shares in Kohl’s
According to the filing, GIC has taken 5,543,944 shares of Kohl's common stock, constituting approximately a 5.01% stake
GIC is one of the three investment entities in Singapore that manage Singapore's reserves, alongside the Monetary Authority of Singapore (MAS) and Temasek. It joins other major institutional holders of Kohl's stock, including Blackrock, Vanguard, T. Rowe Price, Dimensional Fund Advisors, State Street, and Macellum Advisors
The move follows increasing investor interest in Kohl’s. Reuters reported on Tuesday that Vision One Management Partners, an investment management firm based in Miami, has also built a stake in Kohl's and expressed concerns to the company about its future
The report, citing anonymous sources, indicated that Vision One has urged Kohl's to initiate a sale process and provide board representation to address its concerns
The helm of the company is steered by Tom Kingsbury, the former CEO of off-price chain Burlington Stores. Kingsbury assumed leadership as CEO of Kohl's board in 2021
