Would a Macy’s Buyout Be a Miracle on 34th Street?

From Nasdaq:

The Motley Fool podcast discusses the potential for Macy’s to go private and the challenges facing department stores. A potential acquisition of Macy’s for $5.8 billion by private equity funds has caused a premium of 32% for shareholders. The company has seen declining revenue and margins, as well as significant cash burn. Real estate is part of the play for the potential acquisition, with the famous Herald Square location in New York being a key asset. The new CEO, Tony Spring, has been leading a transition away from being an anchor location to smaller stores with success. However, a potential acquisition would result in a completely different strategy for the company.



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