Why Chandra Holt Deals Cost Kohl’s CEO Job
Ashley Buchanan was fired as Kohl’s CEO after four months for undisclosed business deals with romantic partner Chandra Holt.
An investigation revealed Buchanan favored Holt’s ventures, including a multimillion-dollar consulting deal and favorable vendor terms, breaching Kohl’s ethics policy.
Holt, formerly of Walmart and Bed Bath & Beyond, founded Incredibrew.
Michael Bender is interim CEO as Kohl’s closes stores amid a 7.2% sales drop in 2024.
Read More at The Economic Times
