Business

WSJ News Exclusive | Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff


An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce enterprise, in keeping with folks conversant in the matter.

Jana Companions LLC on Wednesday despatched a letter to the corporate’s board prodding it to separate the web unit, which has about $8 billion in annual income, the folks stated.


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