Activist investor Ryan Cohen is building a stake in Nordstrom and plans to urge the retailer to refresh its board, people familiar with the matter say
Activist investor plans to urge retailer to refresh its board and replace former Bed Bath & Beyond boss as a director
Ryan Cohen, now one of Nordstrom Inc.’s largest nonfamily shareholders, wants to engage with company management about targeted changes to the board.Updated Feb. 2, 2023 7:05 pm ET 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.including GameStop Corp. , is one of the top-five nonfamily shareholders of Nordstrom, the people said.
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