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After Selling Majority Stake, William Ackman Finally Departs JCPenney

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of directors, William Ackman, activist investor behind Pershing Square Capital Management, has sold his stake in the retailer. According to documents filed Monday in a regulatory filing with the Securities & Exchange Commission …

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Lampert Spends $13 Million on More Sears Holdings Shares

In People, Reports, What's New by Accessories StaffLeave a Comment


Chicago—In a move that apparently reassured investors over his Sears Holdings Corp., Edward Lampert, the company’s chairman and soon-to-be chief executive, revealed Monday that he purchased more than 332,000 additional shares of the retailer. According to Securities & Exchange Commission filings, Lampert spent more than $13 million of his own …

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Feds to Investigate Walmart over Mexican Bribery Charges

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Washington—The U.S. Justice Department has reportedly launched a criminal investigation of Walmart regarding alleged $24 million in bribes that the retail giant’s representatives paid to local officials in Mexico to speed up opening stores there in early 2000s. According to a Bloomberg News report, the Justice Department is “investigating potential …