Barington Capital Group And Macellum Advisors Send Letter To The Chairman Of The Children's Place, Inc.
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Barington, Macellum Send Letter to Childrens Place (PLCE) Board; Recommends Pursuit of Sale
March 11, 2015 5:09 PM EDTBarington Capital Group, L.P. and Macellum Advisors GP, LLC announced today that they have sent a letter to Mr. Norman S. Matthews, Chairman of The Children's Place, Inc. (NASDAQ: PLCE). In the letter, Barington and Macellum note that they believe, despite its leading position in the children's apparel market, the Company's shares trade at a modest valuation due to investors' concern over the Company's deteriorating operating performance since 2010 under the leadership of the current CEO, Ms. Jane Elfers.
Barington and Macellum are confident that there are multiple ways to improve shareholder value... More
