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Activist investor drops proxy fight against Perry Ellis

2015-05-26 18:24:14| Apparel - Topix.net

An activist investor group dropped a bid to run its own candidates for the board of Perry Ellis International on Tuesday, ending a year-long proxy fight at the Doral-based retailer. Legion Partners Holdings, a California-based hedge fund, had criticized the company for poor earnings and a lack of independent oversight from its corporate board.

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