Activist Group Jana Calls on Macy's to Spin Off Its E-Commerce Business to Fetch Higher Valuation, Report Says - NewsBreak

Activist investor Jana Partners is reportedly encouraging the department store chain Macy's to spin off its e-commerce business, in order to seek a higher valuation from the separate entity. Jana stated in an investor presentation Wednesday that Macy's online business could be worth about $14 billion, if it were to...