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Kohl’s Shakes Up Board in Settling Activist Battle

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Kohl’s has reached an agreement with activist investors that were attempting to foment change at the retail chain. The settlement means the investor group will essentially back down for 30 days before nominations are due for Kohl’s annual shareholder meeting next year. And as part of the truce, former Lululemon CEO Christine Day is slated…

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