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Top related persons:
Barington - 2 Mitarotonda - 2 Barbie - 1 Price - 1 Fisher - 1 Barington's James Mitarotonda - 1 Ynon Kreiz - 1 Mattel - 1
Top related locs:
El Segundo , California Hanesbrands
Top related orgs:
Mattel Inc - 1 Mattel - 1 American - 1 Price - 1 Wall Street - 1 Fisher - 1 Bacardi - 1 IMG - 1

Search resuls for: "James Mitarotonda"


4 mentions found


☆ Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off
  + stars: | 2024-02-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing underperformance within the divisions. Mattel shares were up around 3% in premarket trading Friday following a letter sent to Mattel Thursday, which was first reported by the Wall Street Journal. American Girl and Fisher-Price, two iconic brands, are among the most popular in their respective markets. Mitarotonda said that if Mattel cannot stymie continued erosion in both Fisher-Price and American Girl, which has suffered similar declines, the company "may not be the right owner of these brands." "We believe that these brands are now detracting from the success at Mattel's other segments and hurting shareholder value," Mitarotonda said in a release.
Persons: Barbie, Barington, Price, Fisher, Barington's James Mitarotonda, Ynon Kreiz, Mitarotonda, Mattel, Kreiz, Michael Dolan, Dolan Organizations: Mattel Inc, Mattel, American, Price, Wall Street, Fisher, Bacardi, IMG, Young, Body Works, Darden Locations: El Segundo , California
☆ Hanesbrands faces pressure from activist Barington Capital Group, which wants to see costs and debt cut
  + stars: | 2023-08-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +3 min
Activist investment firm Barington Capital Group is pressuring Hanesbrands to reduce its costs, generate cash and perhaps pick a new CEO as the apparel maker's market cap shrinks, the firm announced Tuesday. "Further, Hanesbrands' excessive debt burden appears to amplify the impact of poor operating performance on Hanesbrands' ability to create value for shareholders." "HanesBrands' Board actively oversees the development and execution of our strategy, operations and capital allocation decisions, in collaboration with the management team. The Board and management team are deeply experienced in areas relevant to our strategy and portfolio," the company said in a press release. It's not clear how large Barington's stake in Hanesbrands is, and whether it will try to nominate any board members.
Persons: Hanesbrands, Ronald Nelson, James Mitarotonda, Mitarotonda, Barington, It's Organizations: Barington Capital Group Locations: Hanesbrands
☆ Everyone wants to be an activist investor these days. Insiders like Carl Icahn lay out why it's not as easy as it looks.
  + stars: | 2022-12-15 | by ( Daniel Geiger | Rebecca Ungarino | Casey Sullivan | ) www.businessinsider.com   time to read: +12 min
Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. "Shareholders don't want to hear it, but you really have great difficulty selling a company at a good price today," the widely followed activist investor Icahn told Insider. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.
☆ Sinking stocks have helped activist campaigns surge. But giants like Carl Icahn say the business is riskier than ever.
  + stars: | 2022-12-14 | by ( Daniel Geiger | Rebecca Ungarino | Casey Sullivan | ) www.businessinsider.com   time to read: +12 min
Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. That means that the sale of companies like Southwest Gas is off the table for the time being — or will get done at prices far lower than before. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.
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