-
Wet Seal chairman and three board members out; replaced by Clinton Group nominees
Foothills Ranch, Calif. -- The chairman of The Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the Clinton Group. The move follows several attempts by the activist investor group, which holds about 7% of Wet Seal, to take control of the struggling retailer.
As a result of the board changes, Clinton Group has agreed to terminate its effort to get support from shareholders for its nominees, Wet Seal said Friday.
-
Hispanic business group honors Kroger
CINCINNATI — Kroger has become a member of the U.S. Hispanic Chamber of Commerce Million Dollar Club. The USHCC Million Dollar Club recognizes corporations that are leaders in supplier diversity and integrating Hispanic business enterprises into their strategic sourcing and procurement process. Corporations qualify by spending between $25 million to more than $500 million with Hispanic suppliers in the previous year.
This is Kroger's third consecutive year of qualifying for membership.