Macy’s ends talks with Arkhouse and Brigade, foiling $6.9B takeover

Quick Summary:

The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.

Macy’s ends talks with Arkhouse and Brigade, foiling $6.

Macy’s also criticized the firms’ submission of asset-based financing that would have been tied to Macy’s own real estate.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Stores Diligence Estate Brigade Company Million Real Including Arkhouse Macy’s Financing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 12:23:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 777 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21634184

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Official Website: retaildive.com

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Headquarters: United States

News Last Updated: 1 days ago

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