Activist investor Macellum Capital Management stepped up its attack against the board of Citi Trends Inc. and clarified past discussions with the company.
Last week, the fund group sent a letter to the retailer’s board of directors stating that it had nominated four director candidates for election at the firm’s 2017 annual meeting of shareholders on May 24. The letter spoke about Macellum’s concern over the retailer’s “prolonged” underperformance, board oversight and corporate governance issues.
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)