Macy's ends talks with Arkhouse & Brigade, citing financing uncertainty and an uncompelling offer.
Macy's has ended discussions with investment firms Arkhouse Management and Brigade Capital Management, citing uncertainty over financing and an uncompelling offer. The retailer's board had previously deemed the $24.80 in cash offer from the firms as "not compelling." Macy's will now focus on its own turnaround efforts, including store closures, upgrades, and the expansion of smaller-format stores.
July 15, 2024
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