Activist Investors Push for Change at Macy’s Amid Valuation Concerns
Activist investors Barington Capital and Thor Equities have urged Macy’s to create a real estate unit, consider options for its Bloomingdale’s and Bluemercury chains, and cut capital expenditure by about half. The group claims the company’s valuation has suffered due to management missteps and challenges in the department store sector over the past decade. The … Read more