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Czech News in English » Business » Macy's attracts Czech billionaire investor after share drop

Macy’s attracts Czech billionaire investor after share drop

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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.

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