A Greek court extended an injunction to protect short seller target Folli Follie’s assets from creditors

What the activism world is talking about

Mario Cibelli’s Marathon Partners Equity Management sent a letter to the board of cosmetics company e.l.f. Beauty last week, urging the firm to refocus on core operations or sell the company. In the letter, the activist claimed the board lacked urgency and that investment firm TPG Growth’s interests are overrepresented in the boardroom.

The activist explained that TPG’s influence is shaping the board’s agenda to benefit the investment firm at...

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