MILWAUKEE — Kohl’s Corp. shareholders narrowly approved a proposal requiring that the retailer’s chairman be an independent director.
The company’s chief executive officers historically have held both titles. Chairman and ceo Kevin Mansell told shareholders at the meeting that the board’s governance committee would take up the issue as a result of the 51 percent “yes” vote. Kohl’s had advised shareholders to vote against the proposal, which was forwarded by activist investor John Chevedden.
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)