Page 6 - Peter Boneparth News Today

The Menomonee Falls, Wisconsin-based retailer said CEO Michelle Gass is stepping down from that job and as a member of the company's board, effective Dec. 2. Ancora, an activist investor, in September advocated a CEO change. Gass is leaving for Levi Strauss, where she will become CEO within 18 months.

Ms. Gass, who will be become president at the denim maker, is expected to take over the top post at the company within 18 months.

Michelle Gass, CEO of department store chain Kohl's, is stepping down from her role early next month and will become the president of denim giant Levi Strauss & Co.

Comerica Bank trimmed its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,071 shares of the company’s stock after selling 7,576 shares during the period. Comerica Bank’s holdings in Kohl’s […]

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The American activist hedge fund Elliott Management paid the 106 staff at its British business a combined £137 million last year after the division enjoyed a return to profit.

An activist investor that has been pressing Kohl’s for a new strategy to turn around struggling operations is again attempting to shake up the department store’s board.

An activist investor that has been pressing Kohl’s for a new strategy to turn around struggling operations is again attempting to shake up the department store’s board.

An activist investor that has been pressing Kohl’s for a new strategy to turn around struggling operations is again attempting to shake up the department store’s board.

Retail industry news, voices and jobs. Optimized for your mobile phone.