Second proxy advisory firm backs Chico's directors over Barington's

July 13, 2016 1:23 PM

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Chico's FAS Inc said proxy advisory firm Glass Lewis recommended shareholders vote for the apparel retailer's nominees at an upcoming shareholder meeting, strengthening its position in a proxy fight against activist investor Barington Capital.

This is the second major proxy advisory firm, after ISS, to back the company's nominees.

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