Simon Property and Brookfield Asset Management, which acquired JCPenney from bankruptcy in 2020, have now set their eyes on Kohl’s, according to a New York Post report. A source told the Post that the pair made a joint, $68 a share bid for the embattled retailer, seeing Kohl’s as a chance to fill in holes where Penney’s decimated fleet no longer serves. The pair previously picked up bankrupt mall chains, Forever 21 and Aeropostale, in partnership with Authentic Brands Group. Their Kohl’s plan also includes slashing $1 billion from expenses over three years as Simon looks for synergies between the ... Log in to view full article.