Are Belk And Kohls The Same Company? Unveiling The Connection

Is Belk part of Kohl’s? To answer this question, it’s essential to delve into the history of Belk and its connection to Kohl’s. In December 2015, Sycamore Partners acquired Belk, a retail company with an estimated enterprise value of approximately $3 billion. Following the acquisition, Sycamore Partners retained Tim Belk as CEO and maintained Belk’s headquarters in Charlotte.

It’s important to note that Belk and Kohl’s both fall under the department store category, but they differ significantly in size and reach. Belk operates as a much smaller chain, with a total of 291 stores, whereas Kohl’s boasts nearly 1,200 stores as of January 26, 2022.

In summary, while both Belk and Kohl’s are department stores, they are separate entities with Belk being a smaller-scale operation compared to the larger and more extensive network of Kohl’s stores.

Did Kohl’s purchase Belk? Belk, a 130-year-old Southern department store, shares a similar business model with Kohl’s by operating many of its stores in smaller strip centers rather than declining shopping malls. Notably, Sycamore Partners acquired Belk in 2015 for a sum of $3 billion. However, it’s worth mentioning that Belk faced financial challenges, leading the company to file for Chapter 11 bankruptcy in the previous year. During this process, some of its lenders obtained a minority stake in the company. This development occurred on March 18, 2022.