Published 1 year ago

Ryan Cohen Takes Stake in Nordstrom

Summary by Ground News

Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people familiar with the matter.

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Reuters

Billionaire Cohen builds stake in Nordstrom, urges board shakeup

Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday.

1 year ago·United Kingdom

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CNBC

Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer

GameStop Chairman Ryan Cohen is targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom's board.

1 year ago·United States

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IBTimes

Billionaire Cohen Builds Stake In Nordstrom, Urges Board Shakeup

Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar

1 year ago·United States

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Financial Post

Billionaire Cohen builds stake in Nordstrom, urges board shakeup

NEW YORK -- Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday.

1 year ago·Canada

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WION

Billionaire Ryan Cohen preps to up stake in Nordstrom to shake up board

Ryan Cohen, the billionaire investor, is preparing to acquire a large stake in Nordstrom in order to shake up its board, said Reuters citing people familiar with the matter. Nordstrom, the upscale retailer, is lagging behind its rivals. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc and cemented it with investments in videogame retailer GameStop and Apple Inc, would like to replace at least one director on Nordstrom's …

1 year ago·Noida, India

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Bloomberg

Ryan Cohen Builds Nordstrom Stake With Eye on Board Changes

Meme-stock investor Ryan Cohen has built a sizable stake in Nordstrom Inc. and aims to replace at least one of the department store chain’s directors, according to a person familiar with the matter.

1 year ago·United States

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