Macellum Investment in Citi Trends
Hedge Fund Presentation Collection
In 2017, activist investor Macellum Capital Management instigated a board overhaul at Citi Trends, appointing five new directors, including Pamela Edwards as the company’s first African American woman CFO.
| Fund | Macellum |
| Target | Citi Trends |
| Sector | Consumer |
| Year | 2017 |
Macellum invested in Citi Trends in 2017 and made public a presentation for it. If you are interested to learn about how hedge funds write presentations, here is one for you to learn from.
The Macellum Deck
This deck is in the public domain (Nothing privately shared is ever distributed on this site).
About the Citi Trends deal
In 2017, Macellum Capital Management, an activist investor, initiated moves against Citi Trends, Inc., a retailer. Macellum nominated four director candidates for election at Citi Trends’ annual meeting of shareholders held on May 24. After engaging with Citi Trends, Macellum successfully placed five new directors on the company’s board. Notably, Citi Trends appointed Pamela Edwards as Chief Financial Officer, making her the first African American woman to hold that role in the company’s history. The company’s performance and strategic pivot claims were also a point of contention between Macellum and Citi Trends. Ultimately, Citi Trends’ shareholders voted to include Macellum Capital Management onto the board.
About Macellum
Macellum Capital Management is an activist investment firm known for its involvement in the retail sector. Founded by Jonathan Duskin, Macellum focuses on identifying undervalued companies and implementing strategies to enhance shareholder value. The firm gained prominence for its activism in various retail companies, advocating for changes such as operational improvements, asset sales, or board of directors restructuring to unlock shareholder value. Macellum’s approach often involves engaging with management teams and boards to push for changes aimed at improving financial performance and strategic direction.
About Citi Trends
Citi Trends is an American retail chain that offers discounted fashion apparel, accessories, and home goods, primarily catering to urban and African-American communities. Founded in 1958 and headquartered in Savannah, Georgia, Citi Trends operates over 500 stores across the United States, focusing on providing trendy merchandise at affordable prices. The company emphasizes value and style, aiming to deliver a unique shopping experience to its diverse customer base.
Want to see more?
Head here to see the rest of the collection:
Comments (0)
There are no comments yet :(