Ryan Cohen Builds Nordstrom Stake With Eye on Board Changes
Outside the Nordstrom flagship retail store in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Meme-stock investor Ryan Cohen has built a sizable stake in Nordstrom Inc. and aims to replace at least one of the department store chain’s directors, according to a person familiar with the matter.
Cohen is already one of Nordstrom’s five biggest non-insider shareholders, said the person, who asked not to be identified because the information wasn’t public.