Late Apex Partners, whose funds currently own shares in the hospitality company, said in a letter that Vail's performance over the past five years has been unacceptable.
"We believe Vail is fixable, but the board must act now to hold management accountable," Late Apex said. The financial firm noted its investment in Vail is its single largest position.
This story is from the January 28, 2025 edition of The Wall Street Journal.
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This story is from the January 28, 2025 edition of The Wall Street Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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