Deals
Activist Legion Partners Loses Bid to Revamp Genesco Board
- All nine of the company’s director candidates were elected
- Legion sought operational improvements at footwear retailer
Boxes of shoes move along a conveyor belt at the Genesco Journeys distribution center in Lebanon, Tennessee.
Photographer: Eilon Paz/BloombergThe activist investor seeking to revamp the board of Genesco Inc. failed in its efforts as all nine directors from the company’s slate were elected.
Based on a preliminary count at the annual general meeting, investors voted “overwhelmingly” in favor of Genesco’s candidates, the company said Tuesday in a statement. The tally confirmed an earlier report by Bloomberg.