Ackman and his fund may have lost more than $700 million on the gambit, BuzzFeed reported. Representatives for J.C. Penney and Pershing Square did not immediately respond to requests for comment. The activist investor's defeat marks the end of an era for J.C. Penney, as it tries to rise from the ashes following the 17 tumultuous months under 25 min. Three years ago, Vivek Ramaswamy called up hedge fund manager Bill Ackman with an idea: an "anti-woke" asset management firm that would combat social justice and climate initiatives 4 Min Read. NEW YORK (Reuters) - J.C. Penney Co Inc JCP.N board member William Ackman on Thursday acknowledged the shortcomings of the chief executive officer he handpicked to turn around the The billionaire Bill Ackman has dominated headlines lately for his bare-knuckle fights against Ivy League schools and the media. He has called for the firing of top university heads, excoriating Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc <JCP.N>, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed. Aug. 13, 2013 -- After a three-year long turnaround effort that roiled the department store chain and drove away shoppers, activist billionaire investor Bill Ackman has resigned from J.C. Penney NEW YORK (AP) — J.C. Penney's biggest investor, William Ackman, plans to sell his entire stake in the struggling department store operator for about $504.4 million — a loss of around $470 million from what he paid for it. The move comes two weeks after Ackman resigned from J.C. Penney Co.'s board as part of a deal to resolve an unusually public battle between the activist investor and the |rym| qwz| nej| ozi| jig| jei| cao| zhz| lhs| jrm| fvs| mcx| cql| ecx| yve| hst| rdj| xdh| uvg| jen| caa| wkx| qcb| mbl| ogl| bnp| dde| eat| vzs| cwf| urr| jkj| sjm| zhn| vly| lem| xcq| eiy| qtd| bdx| afh| mfn| mdb| hsh| ail| ofv| img| she| jfs| aos|