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Activist investor Barington Capital, which owns about 2.8 million shares of Avon, has been pressuring the cosmetics firm to seek a new chief executive.
Doug Kass shares his thoughts on the market, and offers up some especially deep thoughts.
According to The Wall Street Journal, American Eagle Outfitters is teaming up with the private equity firm to bid for Abercrombie.
Barington Capital and partner NuOrion Partners own 3% of Avon's shares.