Monday, October 17, 2016

Investor seeks shakeup at Pier I

Pier 1 Imports is based in Fort Worth.Pier 1 Imports’ largest active institutional investor is once again at odds with the retailer, demanding a shake up of the company’s board.

In an Oct. 14 letter sent to Terry London, chairman of Pier 1’s board of directors, New York investment management firm Alden Global Capital said London and the entire board “cannot be trusted to protect the best interest of Pier 1 shareholders.”. . . more

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