Thursday, March 12, 2020

GameStop Under Renewed Pressure from Unhappy Investor Group

The Wall Street Journal
GameStop Corp. is facing a renewed threat from a group of shareholders upset with the videogame retailer’s performance.

A group including Hestia Capital Partners LP and Permit Capital Enterprise Fund LP sent a letter to the Grapevine, Texas, company’s board, urging it to appoint a stockholder representative as a director.

The investors collectively own about 7.5% of GameStop’s shares, up from roughly 1.3% at this point last year. . . . more