Activist investor wants to shake up Kohl’s board
October 13, 2022
Mycelium Advisors wants to replace tenured members of Kohl’s board of directors with its own nominees. The activist investor owns about five percent of Kohl’s shares. The retailer has faced pressure from other investors to make board changes, claiming that the company is not doing enough to optimize its share value.
Recent News
Domino’s Shares Soar as Pizza Chain Defies Sales Expectations
Domino’s shares were up by almost 7% in pre-market trading thanks to the success of its new loyalty programs and various promotional offerings.
Express’s New Owner Brings Post-Bankruptcy Hope to Beleaguered Retailer
Express’s bankruptcy filing earlier this month had analysts concerned about the popular clothing retailer’s survival, but news about its new owner has given a glimmer of hope to both Wall Street and consumers alike.
Fast-Food Chains in California Significantly Spike Prices on Menus
Restaurants in California are staying true to their word that menu prices would increase following the state’s rise in the minimum wage for fast-food workers.
LVMH Is Creating Luxury Cityscapes Around Its Designer Stores
LVMH is transforming older neighborhoods worldwide into upscale plazas and shopping hubs.