Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
Macy's(M) CNBC·2024-07-15 20:46
The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be closing five stores in order to adjust to the online-shopping era. (Photo by Michael M. Santiago/Getty Images)Department store Macy's said Monday its board has unanimously decided to end negotiations with the activist group that had b ...