Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday.Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share, Arkhouse said in a statement.The investor group sees “the potential for a meaningful increase to the original proposal if we are ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) confirmed today that it received an unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $21.00 per share in cash on December 1, 2023, and that the Macy’s, Inc. Board of Directors (the “Board”) has determined that the non-binding proposal does not constitute a basis to enter into a non-disclosure agreement or provide any due di ...

NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE: M), today issued the following statement from Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell: “ In recent weeks, Arkhouse and our partner, Brigade Capital Management, LP, have engaged privately with Macy’s regarding a potential acquisition of the Company. Our investor group can confirm that we coll ...

Macy’s will layoff 3.5% of its employees, approximately 2,350 positions and shutter five stores.getty Following a year when retail grew 3.5% overall and November-December 2023 holiday sales were even more robust, advancing 3.8%, retailers are going into 2024 with wind in their sales.Yet, Macy’s, Wayfair W , and Walmart WMT are among the retailers announcing layoffs and store closings as these forward-looking retailers ready for a reset in 2024.Good News, Bad News“Consumer spending was remarkably resilient t ...

Macy's, Inc. (M) , an omnichannel retail organization, is reportedly undergoing a significant operational restructuring. The retail giant is said to be  lowering its headcount, as part of its turnaround efforts to rein in costs and address dwindling sales. Roughly, 2,300 positions across the board would be affected by this move.The company has steadily reduced its workforce from 175,700 in 2013 to 94,570 in 2023, marking a 46% decline over a decade, per macrotrends.net. This substantial decrease in manpower ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Macy’s (NYSE:M) layoffs are a hot topic on Friday after the retailer announced plans to cut a large number of jobs and close some stores.According to recent reports, Macy’s is planning to cut 2,350 jobs and close down five of its stores. The layoffs are going to affect 13% of its corporate workers and 3.5% of its total workforce.These Macy’s layoffs are coming as the retail company seeks to streamline operations. Doing so will speed up its business while also saving the retailer money. That’s due to plans t ...

Key TakeawaysThe retailer plans to cut roughly 2,350 jobs and close five stores in an effort to streamline costs and stem slowing sales.Macy's shares broke above a multi-month downtrend line in mid-November, indicating many of the challenges facing the retailer could be already baked into the price.The current retracement in Macy's shares could find support from the 50-day moving average. Macy's, Inc. Source: TradingView.com.Department store retailer Macy’s (M) is in focus after it announced Thursday tha ...

智通财经APP获悉，据报道，梅西百货(M.US)计划裁员13%，约2350个职位，并关闭五家门店。 首席执行官Jeff Gennette和总裁Tony Spring在一份备忘录中表示：“尽管我们在过去几年取得了强劲而切实的进展，但我们仍面临压力。”Spring将于2月接替Gennette担任首席执行官。 该备忘录称，公司计划提高其供应链的自动化程度，并外包一些角色，同时减少管理层以加快决策速度。 除了裁员，梅西百货还将关闭五家门店，并出售两家家具店。关闭的门店分别位于加利福尼亚州、弗吉尼亚州阿灵顿、夏威夷州利胡埃和佛罗里达州塔拉哈西。 受销售额下降的困扰，这家百货公司自新冠疫情以来一直在苦苦挣扎，截至目前已累计裁员2.8万人，关闭了119家门店。自去年以来，有关收购该公司的传言就一直不绝如耳，Sycamore Partners是最新一家考虑收购的公司。 收购的可能性提振了梅西百货的股价，该股股价一度从去年11月份的低点10.59美元上涨至上月的每股21美元以上。截至周四收盘，该股报17.93美元。 ...

Michael M. Santiago High-end retailers are often at a premium, despite the supply chain being difficult to manage. Among the companies trying to modernize their supply lines is Macy’s Inc. (NYSE: M). They will be the subject of today’s analysis. A company of 722 stores, they are understandably a highly seasonal business, with a lot of their sales coming in November and December. This includes standard Macy’s, a high-end retailer in its own right, the luxury brand Bloomingdale’s, and the skincare product ...