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Dillard’s Targeted by Snow Park to Unlock Property Value

  • Snow Park says company’s real estate worth over $200 a share
  • Brick-and-mortar retailers are popular targets for activists
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Jeffrey Pierce, Snow Park Capital Partners managing partner, explains why real estate is key to unlocking value at Dillard's Inc. He speaks with Bloomberg's Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)

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Activist investor Snow Park Capital Partners has built a position in department-store chain Dillard’s Inc. and is planning to push for changes at the company, including unlocking the value of its real estate portfolio.

“Dillard’s is essentially an underleveraged real estate company that is masquerading as a low productivity retailer,” Snow Park Managing Partner Jeffrey Pierce said in an email.