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.
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.
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.
Macy's Stock Rises as Activist Investors Call for Real Estate Unit
Barington Capital Group and Thor Equities called on Macy's to create a real estate subsidiary and limit its capital expenditures.
More Activist Investors Target Macy’s
Barington, Thor want retailer to explore selling luxury brands and restructuring real estate.
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.
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,
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.
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Crain's New York14h
Thor Equities faces foreclosure at another Manhattan commercial property
The foreclosure action comes after Thor Equities in July lost a pair of Manhattan retail buildings following several missed ...
Macy’s provides more details about that employee who hid more than $150 million worth of expenses
Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...
Macy’s Bargain Shares Tempt Activists Again
The newest arrivals at Macy’s have a fresh idea and some tired ones.
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 ...