On March 20, 2024, Macy's Inc. announced that, it will open its books to unsolicited bidders Arkhouse Management Co. LP and Brigade Capital Management LP, the due diligence may allow Arkhouse and Brigade to secure debt commitments necessary for financing its $6.6 billion bid to acquire the chain. Further, Macy's Inc. stated that, it established a confidentiality pact with the firms to facilitate sharing sensitive commercial information, after initially rebuffing the investment firms' acquisition attempts, The bidders have secured letters from entities, including Jefferies Financial Group Inc. (JEF), indicating confidence that a debt package can be arranged, Arkhouse and Brigade have already disclosed that they obtained commitments for the equity portion of their bid, from Fortress Investment Group LLC and One Investment Management US.
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
