https://www.google.com/search?sca_esv=601452934&cs=0&q=What+are+the+problems+with+Sycamore+Partners%3F&sa=X&ved=2ahUKEwjTraOejPmDAxUIFFkFHZdyDsEQzmd6BAgDEAY&biw=1280&bih=585&dpr=1.5
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Macys is going to get eventually bought out. The real estate is too valuable and any upcoming leases will be too expensive to sustain the stores.
Agreed. And my gut is that the BOD will fight off every offer. But the news is ki-ling business, I think. At least it feels that way at the store level. It's nerve wracking for the employees and vendors. And Sycamore is not without it's own issues. Ugh to it all.
It’s a rumor and there’s no bid price