Tag Archives: Ron Johnson

Report: JCP to End Martha Stewart Deal

J.C. Penney

NEW YORK-J.C. Penney will take its Martha Stewart merchandise off its shelves, according to a report from the New York Post, in an apparent end to the highly controversial deal between the retailer and Martha Stewart Living Omnimedia (MSLO). The report, which has been picked up by numerous news outlets, said Myron Ullman, J.C. Penney’sMore »

Last updated: September 6, 2013

Ackman Jumps JCP Ship, Puts Shares Up for Sale

J.C. Penney

NEW YORK-Pershing Square Capital Management, the investment firm run by activist investor Bill Ackman, has put its shares of J.C. Penney stock up for sale. The shares, which number 39,075,771, constitute 17.7 percent of the retailer’s outstanding stock, the largest percentage held by any shareholder. The company is pricing them at $12.90 per share, andMore »

Last updated: August 27, 2013