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THE WHAT? Tub & Physique Works has taken to a shareholder letter to name investor Third Level’s proxy contest ‘misguided’.
THE DETAILS The troubled retailer has publicly declared that it could not concede to Third Level Founder and CEO, Dan Loeb’s ‘ultimatum’ that his former worker and private protégé, Munib Islam, be appointed to the Board.
THE WHY? The assertion is the most recent improvement within the ongoing strain piled onto Tub & Physique Works by Third Level.
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