Orchestra-Prémaman takes a swing at Destination Maternity

• Orchestra-Prémaman S.A. issues a letter to shareholders of Destination Maternity (NASDAQ:DEST) in opposition of the company's board nominees.
• Orchesta says the directors nominated by the retailer have underperformed during their tenure and repeatedly missed important targets while reporting financial information in an "unclear" way.
• Orchesta holds a stake of 13.8% in Destination Maternity.
• Shares of Destination Maternity are down 69% YTD.
• Source: Press Release