Responding to a statement and a letter to shareholders from activist investor Macellum Advisors, Kohl’s Corp. issued its own statement rejecting critical points made in the Macellum correspondence. Kohl’s insisted that it has continued to engage with Macellum on...
The ODP Corp. has announced that its board of directors has determined to delay a previously announced public company separation to evaluate a potential sale of its consumer business, which includes the Office Depot division, as an undisclosed third party followed...
Dollar Tree has rejected an initiative by investment firm Mantle Ridge to nominate a full slate of 11 directors to the company’s board of directors. Mantle Ridge representatives met with the Dollar Tree board on December 2 — after the firm had filed a United States...
NuOrion Advisors, a Macy’s shareholder, insisted in a recent letter to Macy’s Chairman and CEO Jeffrey Gennette that the retailer form a Digital Special Committee to evaluate and solicit proposals from private equity firms to make a strategic investment in...
In a move that will bring it particular experience and expertise, Macy’s has tapped executives from The Michaels Cos. and Zipcar for the company’s board. Macy’s announced that Ashley Buchanan, Michael’s CEO, and Tracey Zhen, Zipcar president, had joined its...
