Engaged Capital news and archive

VF stock jumps after Engaged Capital reveals stake in the company

After picking a stake in VF Corporation, activist investment firm Engaged Capital is said to be pushing for cost cuts and board changes, according to a CNBC report. Shares of VF Corp closed at 18.45 dollars, 14 percent higher on Tuesday. Engaged expects the share prices to move upward to 46 dollars within three years if the changes proposed by...

Fashion

Hollister to be transformed into a fast-fashion retailer

US fashion retailer and parent company, Abercrombie & Fitch, is said to be preparing to relaunch its surf wear theme Hollister label into a fast-fashion retailer in order to compete against the rise of fast-fashion stores such as Forever 21, H&M and Zara. The transformation for the label would indicate changes to the entry price point and larger...

Design

A&F extends current CEO's contract

Teen retailer Abercrombie & Fitch (A&F) have decided to extend CEO Mike Jeffries's contract by a year after its expiration date passes next year February. This decision comes barely a week after A&F shareholder Engaged Capital, who own 0,5 percent of A&F shares, requested that the teen apparel retailer find a replacement for Jeffries once his...