Sycamore, Franchise Group Submit Bids for Kohl’s

Kohl’s Corp. received takeover bids from private-equity firm Sycamore Partners and retail holding company Franchise Group Inc. , according to people familiar with the matter.

Sycamore’s bid values the Wisconsin department-store chain in the mid-$50s a share, while Franchise Group offered around $60, some of the people said, equating to around $7 billion or $8 billion. Kohl’s stock closed Thursday at $41.18.