Clinton Group


Wet Seal Q4 Loss Narrows Despite Sales Drop

Spring trends at Wet Seal stores

Foothill Ranch, CA—Wet Seal Inc. reported late Thursday afternoon that its fourth quarter loss narrowed as overhead expenses fell … [Read more...]

Activist Investor Explores Making Wet Seal Private

Wet Seal

Foothill Ranch, CA—Activist investor Clinton Group, Wet Seal’s second largest shareholder, revealed today it is exploring … [Read more...]

Following Shake Up, Wet Seal Gets New Board Chairman

Wet Seal

Foothill Ranch, CA—Lynda Davey, one of the new board members appointed to Wet Seal Inc. following the ouster of four board members … [Read more...]

Wet Seal Chairman, 3 Directors Ousted in Shareholder Battle

Wet Seal

Foothill Ranch, CA—After weeks of battling between its board members and its third largest shareholder, Wet Seal’s board chairman … [Read more...]

Clinton Group Has Short Lived Victory in Wet Seal Battle?

Wet Seal

Foothill Ranch, CA—After an apparent brief victory whereby Wet Seal board members agreed  to resign and be replaced by … [Read more...]

Wet Seal Board, Activist Investor Step Up War of Words

wet-sealstore

Foothill Ranch, CA—No resolution appears in sight in the proxy battle at Wet Seal that has pitted the young women’s retailer’s … [Read more...]

Proxy Advisers Reject Wet Seal Activist Investor’s Board Plan

Wet Seal

Foothill Ranch, CA—Citing reports by two leading independent proxy advisers, Wet Seal Inc. urged shareholders again Tuesday to … [Read more...]

Board Shuffle at Wet Seal Inc. at Behest of Activist Investor

Wet Seal

Foothill Ranch, CA—Beleaguered specialty retailer Wet Seal Inc. this week terminated its shareholder rights plan and proposed to … [Read more...]

Wet Seal’s Board Urges Stockholders to Postpone Replacing Them

Wet Seal

Foothill Ranch, CA—Saying that its recently implemented fast fashion strategy will have a positive impact on Wet Seal results “in … [Read more...]

Investor Urges New Board Members, Sale at Wet Seal

Wet Seal

Foothills Ranch, CA—The Clinton Group, investors in Wet Seal, said Wednesday that it seeks to add new board members and a possible … [Read more...]

Wet Seal Swing into Q2 Loss, Adopts Poison Pill

Wet Seal

Foothills Ranch, CA--Wet Seal Inc. swung to a second quarter loss Tuesday as the teen oriented retailer reported a decline in … [Read more...]

Citing Sliding Sales, Shareholder Urges Board to Sell Wet Seal

Wet Seal

Foothill Ranch, CA—As has been the case recently with other beleaguered retailers, such as Talbots and Christopher & Banks, a … [Read more...]

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