In outlining their "serious concerns" with Genesco's capital allocation, Legion Partners chided the company's "ill‐conceived plan to operate as a retail conglomerate holding company and think of itself as a private equity investment platform...
Sears Holdings Corporation; Sears, Roebuck And Co.; Sears Development Co.; Kmart Corporation and several debtors last week took former Chairman and CEO Eddie Lampert and other former board members to court, demanding a jury trial on claims that it has been pillaging the company for years, according to court documents filed with the United States Bankruptcy Court Southern District Of New York...
As expected, Bridgestone Retail Operations, the U.S. subsidiary of Japanese tire company Bridgestone, has raised its takeover bid to $15.50 or $863 million to match an offer from activist investor Carl Icahn. Icahn had disclosed last week that he’d ...
Meanwhile, the Securities and Exchange Commission Wednesday proposed new rules, part of 2010's Dodge-Frank bank reform law, that would make it much easier for investors to track executive pay with company performance. Target’s hire of Brian Cornell was ...
Consac's late-summer activist-investor move didn't bode well with its fellow investors: Shares fell 3.3% after the letter was made public. But Consac president Ryan Drexler has a point. Bebe's sales and shares have more or less been falling since Neda ...