Monro Pressured to Make Operational Changes

Nov. 30, 2020—Thomson Reuters reports that Monro Inc, an operator of U.S. car service and tire centers, is facing pressure from an investor to change its operations.

Ides Capital, a hedge fund, has contacted Monro's board and followed up with letters requesting that Monro make environmental, social and governance improvements including a push for diversity in its workforce and boardroom.

The hedge fund expressed its concern for Monro's lack of diversity and broader issues as well as its performance to its board as recently as last month.