Your Daily Brief For December 12th

Your Daily Brief For December 12th

2 months ago1 min

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In today’s Daily Brief, we'll look at department store Macy's – and the buyout bid that could take it private.

"Brick and mortar retailing might be a tough gig these days, but private firms Arkhouse and Brigade Capital clearly see there's life in Macy's yet."

Key takeaways:

  • Macy’s is attracting a different kind of bargain shopper: the kind that wants to buy the whole firm
  • Occidental Petroleum’s got the checkbook out again, snapping up privately owned CrownRock for $12 billion
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