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US: Ackman resigns from JC Penney board

2013-08-13 16:34:52| Daily apparel & textile news and comment - from just-style.com

Hedge fund manager William Ackman has resigned from the board of JC Penney, as the ailing department store retailer reaffirmed its support for CEO Myron (Mike) Ullman and chairman Thomas Engibous.

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