Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
Feb 27, 2024 · Strengthens the Macy’s Nameplate, Accelerates Luxury Growth and Simplifies and Modernizes End-to-End Operations. Focuses Macy's resources by closing approximately 150 underproductive locations through 2026. Prioritizes Macy’s investments in approximately 350 go-forward locations.
Macy’s Will Close 150 Stores but Expand ... - The New York Times
Feb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its upscale Bloomingdale’s and...
Macy’s rejected a takeover offer and is betting on itself
Jul 15, 2024 · Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the chain. Macy’s said Monday it was...
How Macy’s became a takeover target | CNN Business
Dec 12, 2023 · Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a...
Macy's receives a higher buyout offer of $6.6 billion after ... - CBS News
Mar 4, 2024 · Macy's has received a higher buyout offer from two investment firms, Arkhouse Management and Brigade Capital Management, weeks after the department store chain rejected their prior takeover bid...
Macy's shares surge 21% after it receives $5.8 billion buyout offer
Dec 11, 2023 · Arkhouse Management and Brigade Capital Management have offered to buy Macy’s Inc. for $5.8 billion, according to people familiar with the matter. The offer values the …
More progress in Macy's buyout battle as Arkhouse negotiates to …
Mar 14, 2024 · Arkhouse's March all-cash offer values Macy's at $24 per share — a 14.3% increase from its original proposal of $21 per share — and a 51.3% premium to Macy’s share price on Nov. 30, 2023....
Macy's ends buyout talks with Arkhouse and Brigade after ... - NBC News
Jul 15, 2024 · Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private for roughly $6.9 billion,...
Macy's Inc. - The New York Times
News about Macy's Inc., including commentary and archival articles published in The New York Times.
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
Jan 22, 2024 · Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was...