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Barington Capital

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business1 year ago

Activist Investors Urge Macy's to Restructure Real Estate and Bloomingdale's

Activist investor Barington Capital has acquired a stake in Macy's and is urging the retailer to explore strategic options for its Bloomingdale's and Bluemercury brands, as well as to establish a separate real estate unit. Barington, in partnership with Thor Equities, believes these moves could significantly increase Macy's market value, which currently stands at $4.6 billion. The investors are also advocating for reduced capital expenditures and substantial stock repurchases, while seeking board representation. Macy's has faced similar pressures from other activist investors in the past.

via New York Post |
#activist-investor#barington-capital#bloomingdales
business1 year ago

Activist Investors Urge Macy's to Revamp Real Estate Strategy

Activist investor Barington Capital, in partnership with Thor Equities, has taken a stake in Macy's, urging the company to cut spending, consider selling its luxury brands, and reassess its real estate portfolio. This marks the fourth activist push at Macy's in a decade, as the retailer struggles with declining sales and store closures. Barington suggests Macy's could benefit from share buybacks and real estate restructuring, valuing its property assets between $5 billion and $9 billion. Macy's plans to close about 150 stores by 2027 while investing in its stronger brands.

via CNBC|
#activist-investor#barington-capital#business
business1 year ago

"Activist Urges Mattel to Revamp or Sell American Girl and Fisher-Price Brands"

Activist investor Barington Capital is urging Mattel to consider selling off its underperforming American Girl and Fisher-Price brands, citing revenue declines and their negative impact on shareholder value. Barington also criticized Mattel's excessive stock-based compensation and urged the company to pause merger and acquisition efforts in favor of a $2 billion share repurchase operation. Mattel shares rose following the news, and the company stated that it looks forward to engaging with Barington and is reviewing their letter.

via CNBC|
#american-girl#barington-capital#business