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Aria Challenges Christopher & Banks on Rejected Takeover Bid

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Boston—Aria Partners, the hedge fund which made a $64.2 million bid for Christopher & Banks, came out swinging Wednesday after the retailer’s board rejected the offer. Besides turning down the offer last week saying its “current merchandising and marketing strategies have brought stability to and energized the organization,” Christopher & …

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New Chiefs at Pandora, Ralph Lauren, Christopher & Banks

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People

Pandora Names New President/CEO Copenhagen—Pandora, the Danish jewelry company behind the collectible bead phenomenon, has appointed Björn Gulden as chief executive officer effective March 1. Until then, Marcello Bottoli will continue as interim chief executive until Gulden arrives when Bottoli will become deputy chairman of the company’s board of directors, …