Macy's Inc M

Consumer Cyclical Department Stores

Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.

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Macy's Inc

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Comment by wheeloffortuneon Jun 11, 2020 8:34pm

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Post# 31141189

RE:Billionaire Kretinsky now one of Macy’s top 5 shareholders

Luckily I got out at $8.02 even though I missed the $10 mark. Kretinsky dumped his 5% position the other day spiraling it downwards to $6.76.

wheeloffortune wrote:
Czech billionaire Daniel Kretinsky has acquired a 5-percent stake in Macy’s, with plans to work with management to turn around the struggling retailer as it prepares to reopen its stores.

Kretinsky, who has a net worth of about $3.4 billion and recovered from a coronavirus infection in March, is known as “Czech sphinx” for his inscrutable demeanor. He first built his fortune in the energy business, and his Energetick a prmyslov holding is now one of central Europe’s largest power companies.

The billionaire’s holdings also include the Sparta Prague soccer team and a stake in French newspaper Le Monde. His Vesa Equity Investment, which acquired the Macy’s stake, is now one of the company’s top five shareholders Bloomberg reported.
https://therealdeal.com/2020/05/12/czech-sphinx-makes-big-bet-on-macys/