Macy’s Is Said to Receive Takeover Approach by Hudson’s BayBy
CreditChristopher Lee for The New York Times
The Macy’s of today grew from the union of several great names in American retailing, including its namesake chain, Bloomingdale’s and Marshall Field’s.
But the ambitious owner of Saks Fifth Avenue has broached the idea of taking the union even further, combining with Macy’s to create a department store juggernaut at a time when the industry is reeling. Hudson’s Bay Company, the Canadian owner of Saks, has approached Macy’s about a potential takeover, people briefed on the matter who were not authorized to speak publicly said on Friday…
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