Entries tagged "Barington Capital"
As Black Friday approaches, retailers are scrambling to meet business plans, especially with activist investors clamoring for changes. According to CNBC projected forecasts vary from the National Retail Federation's estimated 2.2% year-over-year sales gain to Global Hunter Securities' 6% to 8% decline. But some retailers are getting slammed harder than others, and activist investors on their boards will most likely have something to say about it. ...
Expect a wide variety of institutional and hedge fund investors to back an activist investor campaign at New York discount retailer Syms Corp. ...
A settlement reached late Tuesday over the future of Dillard's Inc. is a mixed bag for both the activist investors seeking change and the management of the department store chain. Insurgent investor James Mitarotonda of Barington Capital Group LP and another fund, Clinton Group Inc., nominated a slate of four directors for the company's 12-person board. Although the retailer only agreed to one of his candidates and three other mutually agreed upon individuals, Mitarotonda agreed to call off his campaign. ...
