Macy's nominates Douglas Sesler, former Macy's real estate head, as new director amid takeover attempt.

Macy's Inc. has nominated Douglas Sesler, the founder and president of real estate investment and development firm Fair Street Partners, as a new director on its board. Sesler was previously head of real estate for Macy's from 2016 to 2021. This nomination comes after Macy's faced a takeover approach from a group led by Arkhouse Management Co, which criticized Macy's board for lacking real estate experience.