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☆ Several Execs From Joele Frank Launch New Firm With Deals Reporter
▼ + stars: | 2023-07-09 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Several Executives of P.R. Firm Joele Frank to Start Own Firm
▼ + stars: | 2023-07-09 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

There was a time when companies doing big deals could turn to only a handful of firms for advice. But the booming demand for counsel on acquisitions, activist investors and corporate crises has widened that circle and, increasingly, led to the creation of new firms. The latest example is Collected Strategies, which is being started by several executives at the communications firm Joele Frank, Wilkinson Brimmer Katcher, along with Ed Hammond, a longtime mergers-and-acquisitions reporter for Bloomberg. “Communications advice needs to as well.”The firm is starting in a period of elevated scrutiny of Wall Street’s activities. While overall deal making has been down, last year was the busiest in four years for activist investors, who take stakes in companies and demand change.

Persons: Joele Frank, Wilkinson Brimmer Katcher, Ed Hammond, Mr, Hammond Organizations: Bloomberg, “, Communications, Investment

Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter's lawsuit to force Musk to complete the buyout after he tried to back out. Joele Frank began working for Twitter in January 2015, according to its complaint in a New York state court in Manhattan. Many landlords, vendors and consultants have sued Twitter over unpaid bills that Musk inherited when he bought the company, before he implemented deep cost cuts. Musk has said Twitter could generate positive cash flow as soon as this quarter, despite a decline in advertising revenue. The case is JF Associates LLC v X Corp, New York State Supreme Court, New York County.

☆ Bath & Body Works adds director, Third Point backs off proxy fight
▼ + stars: | 2023-03-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

[1/2] Shoppers wait in line outside a Bath and Body Works retail store in Brooklyn, New York, U.S., December 8, 2020. REUTERS/Brendan McDermid/File PhotoNEW YORK, March 6 (Reuters) - Bath & Body Works Inc (BBWI.N) on Monday named veteran financial executive and board member Thomas Kuhn as a new director, ending a potential challenge from billionaire investor Daniel Loeb's hedge fund Third Point. "Tom’s 35 year history as a respected financial and legal advisor, including working with consumer companies, will bring an important perspective to Bath & Body Works as it focuses on its key strategic initiatives to maximize shareholder value," Bath & Body Works board chair Sarah Nash said in a statement. Bath & Body Works, which is valued at roughly $10 billion, has been operating as a standalone company since 2021. At Bath & Body Works the company was advised by law firm Wachtell Lipton Rosen & Katz, financial services company J.P. Morgan Chase & Co, proxy solicitor Innisfree M&A Inc and public relations firm Joele Frank.

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