RAFAH / WAM The team from Operation Chivalrous Knight 3 on Thursday, conducted a field ...
Read More »Activist Jana calls for Macy’s to spin off e-commerce unit
Bloomberg Activist investor Jana Partners believes Macy’s Inc could boost its valuation by spinning off its e-commerce business. Jana said in an investor presentation that the retail chain could follow the lead of Saks Fifth Avenue, whose owner spun out its e-commerce business. At a similar valuation, Macy’s online business could be worth about $14 billion, Jana said. Macy’s as ...
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