The appointment comes weeks after Third Point, which owns a 6% stake in the company, hinted it might push for board seats.
Last week, Third Point founder Daniel Loeb told his fund investors in a letter seen by Reuters that he was closely watching the company and its new chief executive.In December Third Point announced its stake in a regulatory filing and criticized the company’s high costs, including generous executive pay. Third Point declined to comment on Monday.
Last week Loeb called the appointment of Chief Executive Gina Boswell, a former Unilever executive, in December “an encouraging first step.” But he also said hard work lay ahead and that the stock price could climb if executives get the core business back on track.Bath & Body Works, best known for selling soaps, candles and lotions, is valued at $10 billion.“The real prize, however, would be if Ms.
Third Point spent an average of $38.16 per share on the stock which is now trading at $44.48. The period for nominating directors opened on Friday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bed Bath & Beyond Canada granted creditor protection, retailer winding downTORONTO — Bed Bath \u0026 Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the…
Weiterlesen »
Bed Bath & Beyond to wind down Canada operationsBed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. bankruptcy.
Weiterlesen »
Dunkin’ fanatic Ben Affleck works drive-thru in Super Bowl ad with Jennifer LopezThe Boston-born actor and his beloved coffee chain finally teamed up to prove that he really does run on Dunkin’.
Weiterlesen »
Ben Affleck works a Dunkin’ drive-thru in Super Bowl ad'Is this what you do when you say you're going to work all day?' Jennifer Lopez asked her husband as he worked a Dunkin' drive-thru for a Super Bowl ad.
Weiterlesen »