https://www.foxbusiness.com/markets/jcpenney-owners-offer-buy-archrival-kohls-8-6b.amp
Just as long as both brands are kept separate, I don't see any problem with this...the last thing we want is the cross-contamination of two retailers, like what was witnessed with the Kmart buyout of Sears...
I heard that The Hudson's Bay Company also wanted to acquire Kohl's
Im not sure if those plans ever went anywhere or if they even made any attempts, but that have shown interest in the brand.