The Traderszone Network

Published in TZ Latest News 7 November, 2015 by The TZ Newswire Staff

Third Point’s Loeb trades digs for diplomacy in Japan

Activist investor Daniel Loeb, famously branded a carpet-bagger by actor George Clooney, has turned from bruiser to charmer in Japan, where he has added diversified retailer Seven & I Holdings to his portfolio. Sources familiar with the situation say Loeb, 53, wants a management overhaul at Seven & I, which owns Sogo department stores and the 7-Eleven convenience chain, but in public the American has nothing but warm words for its 82-year-old Chief Executive Toshifumi Suzuki. “Mr.

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