Kmart didn’t buy out Target. Both Kmart and Target are owned by Westfarmers, one of the largest Australian business conglomerates. The above comment was probably referring to a restructuring within Westfarmers around 10 years ago which combined the two into a single division called “Kmart Group”.
To be clear, there is also no connection between the Australian companies and their US namesakes. They are completely separate companies and have never shared the same owners.
Kmart didn’t buy out Target. Both Kmart and Target are owned by Westfarmers, one of the largest Australian business conglomerates. The above comment was probably referring to a restructuring within Westfarmers around 10 years ago which combined the two into a single division called “Kmart Group”.
To be clear, there is also no connection between the Australian companies and their US namesakes. They are completely separate companies and have never shared the same owners.