Ryan Cohen, activist investor and Chewy founder, bought a sizable stake in Nordstrom and plans to shake up its board of directors. The investor is looking to replace at least one director, and he is eyeing Mark Tritton, former Bed Bath & Beyond chief executive.
Bed Bath and Beyond failed to pay some debt payments, according to a SEC filing on Jan. 26. The company said it received a default notice from JPMorgan for a credit agreement and could file for Chapter 11 protection within a few weeks.