Around the Net
Is Macy's On The Block?
- New York Post, Friday, February 3, 2017 8 AM
A partner at a private equity firm said he’d been contacted about a Macy’s sale by a real estate investor — while other industry sources close to the situation say they, too, have had similar discussions. The catalyst, it seems, is Jeffrey Smith’s Starboard Value, the activist New York hedge fund. Smith is said to be fed up with Macy’s poor performance since he invested in it.
