Czech billionaire Daniel Kretinsky took a stake in Macy’s Inc. and plans to engage management on ways to improve performance of the struggling U.S. retailer.....not a hands off kinda guy.
Read Newsmax: Macy's Attracts Czech Billionaire Investor After Share Drop | Newsmax.com
If you read his bio he is hands on and did not by 5% of the company to have JG present yet another failing strategy. He is now one of top 5 shareholders. He would want it for the Macy's name and the real estate. Would assume NE real estate in HS will be devalued for quite some time.
Means nothing, unless he can get other large shareholders to go along and band together.
👍😁
Won’t save M. He just wants to buy the real estate aka 34 street