Activists launched 55 campaigns against companies in the industrials sector in H1 2023, according to Bloomberg data. Although this made it the busiest sector, consumer discretionary wasn’t far behind, with 53 campaigns launched in H1.
Three of the top five legal advisers on both the company and activist sides of consumer discretionary activism campaigns met or exceeded their 2022 engagement totals in H1 2023 alone. If activists keep up this pace, top law firms may see a considerable uptick in their workload advising companies on activism in the sector this year.
And if the consumer discretionary sector keeps this ...
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