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It is unclear how much Sycamore is willing to pay for the company, Bloomberg said.
The potential takeover bid comes when Kohl’s is already contending with an offer from Acacia Research Corp, which is backed by activist investment firm Starboard Value, Reuters reported last week.
Kohl’s is also under pressure from activist hedge fund Macellum Advisors GP LLC, which has urged the company to explore strategic options, including a sale, and has said it is planning to nominate directors to the board.
Sycamore declined to comment. Kohl’s did not immediately respond to Reuters’ request for a comment.
