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Real-estate investment firm Arkhouse Management and asset manager Brigade Capital Management bid $5.8 billion bid to acquire retailer Macy’s.
The investors already hold a substantial stake in Macy’s. While discussions between the investor group and Macy’s leadership have taken place, the retailer has not publicly disclosed its stance on the acquisition offer.
Macy’s, under a renewed strategic approach, has implemented changes in its leadership, expanded brand partnerships, enhanced private-label offerings, and opened smaller-format stores. Despite these efforts, the company faces challenges in an evolving retail landscape, compounded by the decline in mall traffic and the impact of online retailers.
Experts suggest that Macy’s expansive real estate portfolio, including prime locations like Herald Square in New York City, is a key factor making it an attractive takeover candidate.
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