Ryan Cohen Takes Stake in Nordstrom
14 Articles
14 Articles
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 …
Activist Investor Ryan Cohen Buys a Stake in Nordstrom and Pursues Board Shakeup
Ryan Cohen, activist investor and Chewy founder, bought a sizable stake in Nordstrom and plans to shake up its board of directors. The investor is looking to replace at least one director on the board, and he is eyeing Mark Tritton, former Bed Bath & Beyond chief executive.
Activist investor Ryan Cohen is building a big stake in Nordstrom, report says. The retailer's stock has surged 37% on the news.
The Chewy cofounder and GameStop chairman is one of the department-store chain's largest non-family shareholders already, The Wall Street Journal reported.
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