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Macy’s Ends Buyout Talks With Activist Investors

The American retailer has effectively closed the door on the take-private offer from real estate firms Arkhouse Management and Brigade Capital. The company’s stock plunged on the news.
Macy's Herald Square flagship department store in Midtown Manhattan.
Macy's Herald Square flagship department store in Midtown Manhattan. (Shutterstock)
By
BoF PROFESSIONAL

Macy’s board unanimously voted to terminate discussions with Arkhouse Management and Brigade Capital, two activist investor groups that had been looking to take the department store chain private in a $6.9 billion deal, the retailer announced Monday.

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About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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