Pershing Square Capital Management


Hedge Fund Perry Capital Cuts its Stake in JCPenney

JCPenney's flagship on 33rd Street, Manhattan

Plano, TX—One of JCPenney’s remaining largest shareholders cut its stake in the department store by half, according to a … [Read more...]

Report: JCPenney Explores Further Financing

JCPenney

Plano, TX—JCPenney reportedly is working with Goldman Sachs Group Inc. about raising additional capital, possibly seeking loans … [Read more...]

Hedge Funds Up Their Stakes in JCPenney

JCPenney

Plano, TX—Activist investor William Ackman may have washed his hands of its hedge fund’s 18% stake in JCPenney, but several other … [Read more...]

Week in Review: 10 News Must-Reads

Miley Cyrus at the VMA Awards

New York—For many, the big M this week was all about Miley Cyrus, the ex-Disney-star-turned-twerking-vamp whose antics at the VMAs … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

JCPenney Adopts “Poison Pill” Plan

JCPenney

Plano, TX—In an effort to stem any possible hostile takeover attempt should its major stakeholder, William Ackman of Pershing … [Read more...]

JCPenney to Allow Ackman to Sell a Majority Stake

JCPenney

Plano, TX—William Ackman, the activist board member at JCPenney whose Pershing Square Capital hedge fund is the retailer’s largest … [Read more...]

The Controversial William Ackman Leaves JCPenney’s Board

Bill Ackman

Plano, TX—In an effort to calm the riff that erupted publicly among JCPenney’s board of directors, William Ackman, the activist … [Read more...]

Battle Lines Between JCPenney Board, William Ackman Growing

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

Plano, TX—Ahead of JCPenney’s second quarter earnings report scheduled for next week, the latest news about the retailer centers … [Read more...]

JCPenney’s Largest Shareholder and Board in a Public Spat

William Ackman, founder/ceo of Pershing Square Capital, the hedge fund that is JCPenney's largest shareholder.

Plano, TX—In fighting among JCPenney’s board of directors heated up today with William Ackman, whose Pershing Square Capital is … [Read more...]

JCPenney Steps Up Search for Permanent CEO?

JCPenney

Plano, TX—After seeing its shares plummet on Wednesday to their lowest in more than 12 years, JCPenney saw its shares jump nearly … [Read more...]

JCPenney Q1 Loss More Than Doubles

JCPenney recently hailed the return of its private label brand, St. John's Bay, which Ron Johnson had eliminated.

Plano, TX—"We recognize the magnitude of the challenges that we face, and we believe we can put JCPenney back on a pathway to … [Read more...]