Engaged Capital is showing some muscle, pushing for more independence in the makeup of Abercrombie & Fitch Co.’s board.
The hedge fund, which owns nearly 0.6 percent of the outstanding shares of Abercrombie, on Thursday disclosed its five nominees for election to the Abercrombie board at this year’s annual meeting. The five are Alexander P. Brick, former chief executive officer of Specialty Retail Group; Robert D. Huth, former ceo of David’s Bridal; Michael W. Kramer, former chief operating officer of J.C. Penney Co. Inc. and former ceo of Kellwood Co., as well as a former executive at Abercrombie; Diane L. Neal, former ceo of Bath & Body Works and the former president at Mervyn Stores when owned by Target Corp., and Glenn W. Welling, chief investment officer and managing member of Engaged Capital.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)