Legendary Man United goalie Edwin Van der Sar suffers a brain hemorrhage and is taken into intensive care in Croatia.Ethical vegans should NOT have kids if they truly believe 'unnecessary suffering' should be avoided, ethicist controversially claims.'I will never forget you': Heartbreaking note is left for girl, 8, killed in Wimbledon horror school crash as tributes are paid to the 'shining star' pupil - second eight-year-old girl still fighting for her life and woman in her 40s is critical.so is that the two-time champion's last appearance on the grass of SW19? Andy Murray crashes OUT of Wimbledon in the second round: Brit loses in five sets to Stefanos Tsitsipas in front of emotional wife Kim.“Many of the areas highlighted by the activist group in its press release are already being addressed at a detailed level by the company,” the retailer said in a statement, adding that “it takes time to transform a company and the initiatives we have underway are delivering results. The 48-year-old company defended its directors, saying they have been behind an extensive turnaround plan. ![]() “The board of directors and management team are in need of new blood,” Chukumba said in a research note.Īmong the hedge fund nominees are former Gap CEO Jeff Kirwan, former Pier 1 Imports CEO Alexander Smith and two former executives from Macy’s. Wall Street also cheered the demands for change, including Loop Capital Markets analyst Anthony Chukumba, who raised his rating on the stock to “hold” from “sell.” Shares of Bed Bath & Beyond, which operates 1,024 stores across North America, closed up 22 percent, at $16.92 a share. Legion Partners is joined by Macellum Advisors and Ancora Advisors to hold a roughly 5 percent stake in Bed Bath & Beyond. “The time is now to instill best-in-class corporate governance and hold management and directors accountable for the horrendous performance that has resulted in $8 billion of value destruction over the last 15 years at Bed Bath & Beyond,” Chris Kiper, co-founder and managing principal of Legion Partners, said in the filing. In an 18-page regulatory filing, hedgies blasted Bed Bath & Beyond as having “lost touch with modern retail.” The company relies too much on promotions to draw shoppers into stores - only to greet them with a “dizzying array of too similar items,” the filing said. The stock is down 55 percent over the last two years as same-store sales have declined for the last seven quarters. The trio also argued that longtime Chief Executive Steven Temares should be replaced, saying his salary vastly exceeds that of his peers even as Bed Bath & Beyond’s stock has fallen due to sagging sales. Shares climbed as much as 30 percent early Tuesday after three hedgies unveiled a slate of 16 candidates to replace Bed Bath & Beyond’s 12-person board, claiming the current board is “entrenched” and displays a “lack of retail expertise.” ![]() ![]() Investors loaded their carts with Bed Bath & Beyond stock Tuesday after a hedge fund triumvirate called for an overhaul of the board and an ousting of its chief executive. to relaunch Bed Bath & Beyond website after buying intellectual property for $21.5Mīed Bath & Beyond NYC customers 'devastated' after bankruptcy filingīed Bath & Beyond files for bankruptcy protection after long struggleīed Bath & Beyond races to raise capital with bankruptcy filing likely in coming days
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