William Ackman stated his activist hedge fund Pershing Sq. Capital Administration LP has constructed a roughly 1.1% stake in espresso large Starbucks Corp.
“This is without doubt one of the most dominant firms within the trade we’ve ever seen,” Mr. Ackman stated on Tuesday. He unveiled the brand new place within the Seattle-based espresso chain whereas giving a presentation on the fall convention of Grant’s Curiosity Fee Observer in New York, his first such look in a number of months.
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