Thursday, January 14, 2016

Activist Investor to Macy's: You need to JV to turn things around

Image result for macy'sThroughout 2015—as sales continued to drop—Macy's explored ways it could leverage its vast real estate to turn business around.

With poor holiday sales figures in, activist investor Starboard Value is urging Macy's to go the JV route, citing the success of Saks Fifth Avenue's JVs with Simon Property Group and RioCan. . . . more

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