Macy's, a long-standing brick-and-mortar retail giant, faces a potential buyout offer from a group of investors seeking to take the company private for nearly $6 billion. This move comes amidst a rapidly changing retail landscape, where online competitors have captured a significant share of consumers' spending.
The reported offer, spearheaded by Arkhouse Management and Brigade Capital, signifies a potential shift in Macy's future. Facing pressure from online giants like Amazon and changes in consumer shopping habits, Macy's has been struggling to maintain its market value and profitability.
In recent years, Macy's has implemented. . .