Consumer
Bath & Body Works Adds Third Point Director, Avoiding Proxy Fight
A shopper carries Bath & Body Works bags in Columbus, Ohio.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Bath & Body Works Inc., which was on the verge of a proxy battle with Third Point LLC, has appointed a director nominated by the activist investor.
Third Point informed Bath & Both Works that it no longer plans to nominate additional board members at its annual meeting following the appointment of Thomas Kuhn, which was the result of “continued engagement” with the firm, according to a statement Monday.