What: Sycamore Partners, a New York-based private equity fund, has shown potential interest in acquiring Macy's Inc.

Why it is important: The potential acquisition of Macy's could result in the sale of parts of the business to recoup costs, considering its real estate value is estimated to be between USD 6 billion and USD 11 billion.

The fund, with around USD 10 billion in committed capital, is reportedly considering a bid for Macy's, with the potential for an all-cash offer. Sycamore's possible interest stems from the opportunity to save on costs by eliminating Macy's board and dividends. The firm is also attracted to Macy's extensive real estate holdings, and unlike other private equity firms, Sycamore tends to hold onto retail brands for several years.

Sycamore has investments in other retailers, such as Staples, Torrid, and Hot Topic, indicating its active role in the retail market. Recently it acquired Chico's FAS Inc. and the  KnitWell Group comprising of Ann Taylor, Loft, and Talbots.

Who else could bid for Macy’s?