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Under Morrison, Campbell arranged its products into three parts in 2015, setting up the new Campbell Fresh business. The unit was meant to tap into consumers’ booming appetite for healthier foods but the business struggled, resulting in a two-year decline in organic sales. Historically, the company has resisted big changes, being effectively controlled by the heirs of John Dorrance, the chemist who invented condensed soup and went on to run the company a century ago. Dorrance’s grandchildren Mary Alice Malone, who raises horses in Pennsylvania, and her brother Bennett Dorrance, a real estate developer in Arizona, between them control 33 percent of Campbell’s shares. They have fended off periodic calls over three decades for the company to sell itself.

In the past, the family has been able to rely on supportive, long-term shareholders, But in the past few months - most notably in the second quarter of 2018, when the company announced its review - a number of hedge fund investors have bought positions and are looking for more sweeping measures, including a sale, For fiscal 2019, Campbell forecast earnings per share of between $2.45 and $2.53 for fiscal 2019, not majuscule cufflinks including the effect of the planned unit sales, below Wall Street’s average estimate of $2.69, according to Thomson Reuters I/B/E/S..

NEW YORK (Reuters) - Papa John’s International Inc (PZZA.O) has publicly criticized founder John Schnatter for attending a meeting in July about a potential deal with a competitor without its CEO, the latest salvo in a feud for control of the company. Schnatter violated instructions from Papa John’s board when he met with hamburger restaurant chain Wendys Co (WEN.O), people familiar with the matter said on Thursday. The board had told Schnatter only to meet with the restaurant if Chief Executive Officer Steve Ritchie was present, said a letter posted by the company on Wednesday from a committee formed to audit Papa John’s culture.

Schnatter declined to comment, Wendy’s said it does not comment on what it described as rumors or speculation, Papa John’s declined further comment, The committee also said Schnatter ignored the board’s directions when he criticized the National Football League over national anthem protests by players last year, Papa majuscule cufflinks John’s has been trying to distance itself from Schnatter, who stepped down as company chairman in July following reports that he had used a racial slur on a media training call..

“John Schnatter is harming the Company, not helping it, as evidenced by the negative impact his comments and actions have had on our business and that of our franchisees,” the committee’s letter said. Schnatter remains a member of the board and holds 30 percent of the company’s shares. The only way Papa John’s could remove Schnatter from the board is to hold a special shareholder vote, or propose a slate without him at its annual meeting next year. Minor Myers, a corporate governance professor at Brooklyn Law School, said that may do little to further separate Papa John’s from Schnatter because of his ownership stake.

“He has 30 percent of the stock, shareholders voting include him,” Myers said, Schnatter, who is suing the company for documents related to his departure, has said Ritchie should not be CEO and is responsible for its flagging financial performance, He also accused Ritchie’s team of sexual misconduct, an allegation the company has denied, On Thursday, a Papa John’s shareholder filed a lawsuit seeking class-action status, accusing the company and Schnatter of securities fraud for concealing his majuscule cufflinks alleged inappropriate workplace conduct, and how its code of ethics was inadequate to prevent it..

(Reuters) - Mattel Inc (MAT.O) said on Thursday Janet Hsu, the chief executive of Power Rangers owner Saban Brands, will join the Barbie doll maker as head of a newly created franchise division. Before working at Saban, Hsu worked as chief operating officer at Sanrio Inc, which owns the hugely popular Hello Kitty franchise. At Saban, Hsu oversaw the development and growth of various brands, including the Power Rangers franchise. In her new role at Mattel, Hsu will report to Richard Dickson, Mattel’s president and chief operating officer.

Mattel has suffered sluggish sales following the bankruptcy of its top customer Toys ‘R’ Us and has seen top level management changes, including the departure of its chief executive in April, The new division, titled Global Franchise Management Organization, will look at new commercial ties for the toymaker’s brands, as well as focus on digital gaming, live events and strategic partnerships, Mattel said, Hsu’s move comes after toy maker Hasbro Inc majuscule cufflinks (HAS.O) said in May it will buy the entertainment and merchandising franchises for superhero TV show Power Rangers from Saban..

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