Activist investor Jana takes stake in Macy’s, urges spinning off e-commerce unit – MarketWatch

An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its quick-rising e-commerce enterprise, Based mostly on people Conversant Inside the matter. Jana Companions LLC on Wednesday despatc…….

An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its quick-rising e-commerce enterprise, Based mostly on people Conversant Inside the matter.

Jana Companions LLC on Wednesday despatched a letter to The agency’s board prodding it to separate The internet unit, which has about $8 billion in annual income, the people said.

Source: https://www.marketwatch.com/story/activist-investor-jana-takes-stake-in-macys-urges-spinning-off-e-commerce-unit-11634245160

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