FORT WAYNE, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (Nasdaq: VRA) (the “Company”) announced today that the Board of Directors of the Company (the “Board”) unanimously approved the adoption of a limited duration shareholder rights plan (the “Rights Plan”) to protect shareholders’ interests and maximize value for all shareholders. The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all the Company’s shareholders have the opportuni
On October 1, 2024, Fund 1 Investments, LLC (Trades, Portfolio) made a significant addition to its portfolio by acquiring 2,538,000 shares of Vera Bradley Inc (NASDAQ:VRA), a renowned player in the Manufacturing - Apparel & Accessories industry. This transaction, executed at a price of $5.04 per share, reflects a strategic move by the firm, impacting its portfolio by 0.14% and increasing its total holdings in the company to 2,709,955 shares. This acquisition not only enhances the firm's stake in Vera Bradley to 9.60% but also represents 1.48% of its total portfolio.
Despite a decline in net revenues, Vera Bradley Inc (VRA) focuses on brand reinvigoration and strategic partnerships to drive future growth.