YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
A group of investors are planning a proxy fight against Bed Bath & Beyond.
Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, which together own 5 percent of the company, intend to launch a bid to replace Bed Bath & Beyond's entire 12-person board.
The investment funds claims Bed Bath & Beyond has failed to adapt to changing times as consumers shop online or expect unique brick-and-mortar services. Costs have increased, shrinking margins, the investors say.
Read more from The Wall Street Journal.
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