(Reuters) Activist hedge fund Legion Partners LLC will pressure U.S. footwear retailer Genesco Inc (GCO.N) to sell assets beyond its Lids Sports Group business, and could challenge its board if it does not do so, people familiar with the matter said on Monday. Legion Partners, which together with investment firm 4010 Partners LP owns 5.3 percent of Genesco, wrote to the company’s board of directors on Monday asking it to carry out a full review of strategic alternatives, the sources said.
Activist Hedge Fund to Pressure Genesco for More Asset Sales
This entry was posted in Syndicated. Bookmark the permalink.