Sources: Macy's investor pushes for e-commerce spinoff

2021-10-15

Jana Partners has acquired an equity stake in Macy's, and the activist investor group urged the retailer in a letter this week to spin off its e-commerce arm into a separate company, sources said. Macy's has a current valuation of $7 billion and Jana estimated in a recent presentation that the online business could be worth twice that.

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