Macellum Advisors Wins Board Seat in Citi Trends Proxy Victory

Olshan represented Macellum on the successful completion of Macellum Advisors’ activist campaign.

Citi Trends, Inc. operates as an off-price retailer of urban fashion apparel and accessories. The company offers apparel comprising fashion sportswear for men, women, and children, as well as offerings for newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and decorative home products, functional home products, beauty products, books, toys, and electronic accessories.

Based on preliminary tabulations, Macellum nominee Jonathan Duskin was elected to the Board of Directors of Citi Trends at the annual meeting. The Olshan team representing Macellum included Steve Wolosky (Picture), Elizabeth R. Gonzalez-Sussman and Ron S. Berenblat.

Involved fees earner: Steve Wolosky – Olshan Frome Wolosky LLP; Elizabeth Gonzalez-Sussman – Olshan Frome Wolosky LLP; Ron Berenblat – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Macellum Advisors, LP;

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Author: Ambrogio Visconti