M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

<p><span class="s1">The idea of Macy’s spinning off its vast real estate holdings was fanned earlier this year when REIT expert William Lenehan was added to Macy’s board and leading real estate portfolio manager Douglas W. Sesler was hired as executive vice president for real estate. The suggestion was rekindled when CEO Terry Lundgren announced that he will step down early next year after 14 years </span>at the helm. Macy’s president, Jeff Gennette, a 33-year veteran, will become CEO. Gennette has promised some radical changes. Industry professionals agree a REIT spinoff is among changes being considered.</p>

The idea of Macy’s spinning off its vast real estate holdings was fanned earlier this year when REIT expert William Lenehan was added to Macy’s board and leading real estate portfolio manager Douglas W. Sesler was hired as executive vice president for real estate. The suggestion was rekindled when CEO Terry Lundgren announced that he will step down early next year after 14 years at the helm. Macy’s president, Jeff Gennette, a 33-year veteran, will become CEO. Gennette has promised some radical changes. Industry professionals agree a REIT spinoff is among changes being considered.

Pressure on Macy's to Monetize Real Estate

Macy's Inc

Pressure on Macy's to Monetize Real Estate