What: Macy’s has terminated discussions with Arkhouse Management Co. and Brigade Capital Management regarding a potential takeover.

Why it is important: This decision allows Macy’s to focus on its existing business strategy, aiming to enhance shareholder value and operational efficiency without the distraction of acquisition negotiations.

Macy’s Inc. has ended takeover discussions with Arkhouse Management and Brigade Capital Management after months of negotiations failed to produce a compelling and fully financed proposal. The retailer will now concentrate on its "Bold New Chapter" strategy, which includes closing 150 stores, investing in 350 others, and expanding small-format stores. This move aims to enhance shareholder value through long-term growth rather than short-term asset monetisation. Despite initial bids valuing Macy's at up to USD 6.9 billion, the board found the financing insufficient and the proposals lacking in compelling value. This decision allows Macy’s to focus on sustainable, profitable growth, and modernizing its operations.

Macy’s ends takeover talks with Arkhouse, Brigade