THE WHAT? Canadian department store Hudson Bay is said to be bidding for Kohl’s Corp, according to a source for the Wall Street Journal.
THE DETALS Kohl’s is reported to have invited offers by this week, with sources indicating that the company thought it was worth over US $70 per share.
Private equity firm Sycamore Partners is also said to be planning a bid.
Kohl’s shares rose by up to 17 percent to US$62.98, valuing the company at around US$8.76 billion.
THE WHY? Kohl’s is said to be feeling the pressure from activist investors to sell, however, has previously rejected two buyout offers from Sycamore and Starboard Value-backed Acacia Research valuing it at US$64 and US$65 per share.
Responding to Reuters in an email, Kohl’s said, “The board will measure potential bids against a compelling standalone plan.”
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
