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Macys Is Between CLOs, Complicating Response to $5.8B Buyout...

An investor group has sprung an unsolicited, $5.8 billion takeover bid on Macy's at a highly awkward time for the department store giant—when it's between chief legal officers. Elisa Garcia retired Oct. 31, wrapping up seven years as the New York City-based company's legal chief. But her successor, Tracy Preston, isn't coming on board until Jan. 8.

Retail & Consumer Goods

December 14, 2023, 7:32 AM

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