Sunday, 2 August 2020

Macy's attracts Czech billionaire investor after share drop

Bloomberg |
12 May 2020

Czech billionaire Daniel Kretinsky took a stake in Macy's Inc. and plans to engage management on ways to improve performance of the struggling U.S. retailer. Kretinsky's Vesa Equity Investment amassed a 5% holding in Macy's for strategic investment purposes, according to a securities filing. The purchase makes him one of the company's top five shareholders, according to Bloomberg data.