CtW Investment Group, which invests pension funds sponsored by seven unions that own less than 1 percent of Kellwood Co. stock, has urged the company's board to name a special committee of independent directors to explore strategic alternatives, including selling the troubled $1.6 billion vendor.
Pressure has been mounting on the St. Louis-based apparel company since private equity firm Sun Capital Securities Group, its second-largest shareholder, issued — then reissued — an unsolicited $543 million bid for Kellwood in the fall. Kellwood twice turned down the $21-a-share offer, saying it undervalued the company.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)