Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
NYS Entity Status
NYS Filing Date
APRIL 24, 2013
NYS DOS ID#
REGISTERED AGENT REVOKED
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - LIVINGSTON CONDO FUND, LLC
AROUND THE WEB
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
- Millions Meant for Rail Tunnel Subsidize Ferry Rides for a Few
By PATRICK McGEEHAN - Thursday Jul 6, 2017
After canceling a Hudson River train tunnel, Gov. Chris Christie diverted some of the funding to a lightly used Seastreak service to Jersey City and Hoboken.
- New York Tower Inks Two Deals for Condos Priced Over $70 Million Each
Thursday Jun 15, 2017
Both units are in the under-construction Manhattan condo tower 520 Park Avenue.
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.