Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff

Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff

Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff Activist investor says stand-alone e-commerce business would be worth a multiple of Macy’s current market value An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce business, according to people familiar with the matter. Jana Partners LLC on Wednesday sent a letter to the company’s board prodding it to separate the online unit, which has about $8 billion in annual revenue, the people said. Resume Subscription We are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will …
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