Key TakeawaysArkhouse Management has launched a proxy fight for Macy's after the retailer rejected the activist investor's offer to buy the company.Macy's said real estate private equity investment firm Arkhouse has nominated nine people for board seats, to be voted on by shareholders at the company's annual meeting.Macy's said no to a December $21-per-share bid by Arkhouse and partner Brigade Capital Management, saying the potential buyers didn't provide enough information about financing.A proxy fight is ...

Macy’s said Tuesday that investor Arkhouse Management has nominated nine individuals to its board, setting off a proxy battle just a month after the department store rejected a $5.8 billion go-private bid.The company had rejected the offer from  Arkhouse and Brigade Capital on concerns over valuation, while it continues discussions for more information on deal financing.Macy’s had rejected the offer from Arkhouse and Brigade Capital on concerns over valuation, while it continues discussions for more informa ...

Image taken with a wide angle lensgettyMacy’s has received notice from Arkhouse Management Co. LP (Arkhouse) that it has nominated nine individuals to stand for election to the Macy’s Inc. Board of Directors at the Company’s annual meeting. The company has fourteen directors with Jeff Genette, the retired chairman, retiring at the Annual meeting of the company.0Hewre we go again. The management of Macy’s tells us how we the board members have take a critical look across all aspects of the nosiness to develo ...

Investment firm Arkhouse Management has launched a proxy fight at Macy's, nominating a slate of nine directors for election to the department store's board.Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's financing.Arkhouse managing partner Gavriel Kahane previously told CNBC that the firm's financing was committ ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) will report its fourth quarter and full-year 2023 sales and earnings results on Tuesday, February 27, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc.’s Chief Executive Officer Tony Spring and Chief Operating and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated presentation via the compa ...

The most recent trading session ended with Macy's (M) standing at $19.27, reflecting a +1.64% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.96% gain on the day. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq added 1.3%.The department store operator's shares have seen an increase of 4.35% over the last month, surpassing the Retail-Wholesale sector's gain of 4.23% and the S&P 500's gain of 3.69%.Investors will be eagerly watching for the performance of Macy' ...

Virginia Beach, Va. - USA -March 5, 2011: Macy\'s sign on a department store building at a local ... [+] mall.gettyMacy’s new CEO Tony Spring introduced a new private label called “State of Day” in his first week on the job. It is fine loungewear and sleepwear for women, inspired by busy women who want to retreat from the hustle and bustle of the day and enjoy some quiet, relaxing time at home.This is the new CEO’s first move and a significant sign that he wants to move his company more into quality private ...

State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (P ...

Macy's (M) closed at $18.36 in the latest trading session, marking a -1.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.The the stock of department store operator has fallen by 1.01% in the past month, lagging the Retail-Wholesale sector's gain of 5.56% and the S&P 500's gain of 4.59%.The investment community will be paying close attention to the earnings performance of Macy's in i ...

Tony Spring (Photo by Kevin Mazur/Getty Images for The Estee Lauder Companies)gettyToday is the first day that Tony Spring has taken charge of the entire Macy organization. After a three quarter of a year as an understudy to Jeff Gennette, the former CEO, Tony Spring is now in-charge as President and CEO of Macy’s Inc. Jeff will remain chairman of the board until the 2024 annual meeting.As we welcome Tony, I have a few suggestions for growth for Macy’s in the coming years.As a former Macy associate, an anal ...