On January 9, Macy’s, the iconic American department store chain, announced the closure of 66 additional stores as part of its “Bold New Chapter” strategy.
Tag: macy’s
Arkhouse Partners and Brigade Capital Management have raised their proposed takeover bid for major U.S. department store chain Macy’s Inc. to $6.9 billion.
Macy’s has rejected a $5.8 billion takeover bid from investment firm Arkhouse Management and its partner Brigade Capital just one month later, the company is facing a proxy fight on its board of directors after Arkhouse Management nominated nine candidates for its board.