Activist investor Jana Partners takes stake in Macy's, urges spin-off of digital biz - NewsBreak
By Poppy in Business
Updated 3 years ago
Activist investor Jana Partners has taken a stake in Macy's and sent a letter to the department store chain's board on Wednesday urging it to separate its e-commerce business, a person familiar with the matter told CNBC. Jana has said it expects a standalone digital business would be worth a...