In what may be an unusual move, the Charming Shoppes Full Value Committee on Thursday filed with the Securities and Exchange Commission an investor presentation for Charming Shoppes Inc.
The presentation outlines the committee's viewpoint regarding the financial underperformance. It also notes its opinion that shareholder value is impaired due to its perceived operational and governance problems at the retail chain. Among the topics addressed are: capital allocation, management compensation, turnover at the division level and depth of experience at the board level. The committee is nominating three independent candidates to the board.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)