Macy's activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
Joe Sitt among activist investors pushing Macy’s for a real estate play
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 billion.
Macy’s Bargain Shares Tempt Activists Again
Activists have knocked on the iconic department-store chain’s door over the years with little success so the company’s investors mostly shrugged off the news: After jumping by as much as 5% Monday, Macy’s shares ended the day up just 1.
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s shareholders.
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake.
Investures pressure Macy’s to create real estate unit
Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary among other changes.
Activist investors want Macy’s to create a real estate unit
They said that Macy's shares are undervalued and that its real estate is worth between $5 billion and $9 billion.
Activist Investor Pushes Macy's To Create Real Estate Subsidiary As Stock Falters
Investors Barington Capital and Thor Equities said creating a specialized subsidiary could increase the value of the company’s real estate holdings.
Activist Investor Pushes Macy’s for Changes, Including New Real-Estate Unit
Barington is working with Thor Equities and wants the retail company to slash spending.
Investors pressure Macy’s to create real estate unit
Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary among other changes.
Activist Investors Urge Macy's to Create a Real Estate Unit Among Other Changes to Boost Stock
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock,
Macy’s is in deep trouble. It could be sitting on a gold mine
The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself – an untenable ...
Macy’s investor proposes changes
Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate ...