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#Acquisitions, #Acquisitions/Mergers/Shareholdings, #Activist, #article_normal, #beverages, #Board, #Board of Directors, #C&E Executive News Filter, #C&E Industry News Filter, #chairman, #Clothing Stores, #Consumer Goods, #Content Types, #Corporate, #Corporate Actions, #Corporate Governance, #Corporate/Industrial News, #Environmental, #Environmental/Social/Governance, #Factiva Filters, #food, #Food Products, #Food/Beverages, #Governance, #industrial news, #Investor, #Kohl's Corp., #Kohls, #KSS, #Macellum, #Management, #Management Moves, #Members, #Mergers, #Ownership Changes, #Proxy Fight, #Replace, #Retail, #Retail/Wholesale, #Shareholder Activism, #shareholdings, #social, #Specialty Retailing, #urges, #Wholesale
An activist investor that has long targeted Kohl’s Corp.
KSS,
is ratcheting up the pressure, calling on the department-store chain to make changes to its board or face another proxy fight.
Macellum Advisors GP LLC, which has a roughly 5% stake in Kohl’s, is urging the company to replace three or more long-tenured directors, including its chairman, after sale talks collapsed earlier this year and as the share price sags, people familiar with the matter said.
