Ryan Cohen Builds Nordstrom Stake With Eye on Board Changes [BNN Bloomberg (Canada)]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: BNN Bloomberg
Cohen is already one of Nordstrom's five biggest non-insider shareholders, said the person, who asked not to be identified because the information wasn't public. The effort follows Cohen's move last month to push e-commerce giant Alibaba Group Holding Ltd. to buy back more of its shares, in a rare case of activism targeting a prominent Chinese firm. “While Mr. Cohen hasn't sought any discussions with us in several years, we are open to hearing his views, as we do with all Nordstrom shareholders,” a spokeswoman for the retailer said. “We will continue to take actions that we believe are in the best interests of the company and our shareholders.” A representative for Cohen declined to comment. Cohen's stake was reported earlier by the Wall Street Journal. As the managing member of RC Ventures, Cohen became an idol to amateur investors after championing well-known but languishing stocks like Bed Bath & Beyond Inc. and GameStop Corp., where he became chairman in 2021. Cohen, th
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