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Investment Firm Offers $64.3 Million for “Deteriorating” Christopher & Banks

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Boston and Plymouth, MN—Noting that Christopher & Banks’ value has dropped by 95% in the last few years, one of the retailer’s shareholders today challenged the company to accept its takeover offer for $64.3 million. Boston-based Aria Partners, which holds a 4% stake in the retailer, urged Christopher & Banks’ …

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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, …