Koehls announced on Wednesday that it will sell its Bond fragrance line for $2.5 billion.
It will also close the Kohls brand.
Koehl said in a statement that it expects to make a decision by the end of the year on the purchase of the remaining assets in the Bond brand and its fragrance brand.
Koehler said it will also sell its other brands.
The Kohls and Koehnstern brands were created in 1930s Germany and have been a staple of luxury home decor since the 1930s.
Last month, Kohl’s and Koester, which also makes Kohls, announced that they would sell off the Kohl & Kelloggs brands to the Kohler Group for an undisclosed amount.
On Wednesday, Koehs parent company Koehr said that Kohl was the largest seller of beauty and home decor products in the world in 2018, with an average of $1.8 billion a year in revenue.