VSCO - Macy's Reportedly In The Shopping List Of This PE Firm; Stock Jumps | Benzinga
Macy’s Inc (NYSE:M) shares are trading higher Thursday morning.
Macy’s reportedly faces potential interest from private equity firm Sycamore Partners, which is considering a bid despite the firm’s recent rejection of another unsolicited offer, The New York Post reported.
Sycamore Partners, known for acquisitions like Ann Taylor and Talbots, has reportedly engaged in discussions with Macy’s, the owner of Bloomingdale’s, since late December, the report read.
Last week, the company was in the headlines for informing its employees about the decision to reduce 13% of its corporate workforce.