Macy's Inc. - $M STOCK NEWS

Macy's has deepened its partnership with the Divine Nine Fraternities and Sororities by launching an exclusive menswear collection inspired by the historically Black-founded fraternities of the National Pan-Hellenic Council. The collection includes a range of products from polos to blazers, with prices starting at $49, exclusively available online and in select stores by July 2024. Macy's has also pledged $3M in donations to foundations selected by the organizations. This initiative is part of Macy's Mission Every One social purpose platform, aimed at empowering leaders and supporting community initiatives. The collection is designed to celebrate the heritage and values of the Divine Nine organizations, offering a variety of options for members to express their personal style and represent their organizations at different events.

The 48th edition of the Macy’s 4th of July Fireworks will illuminate the New York City skyline from the Hudson River with colorful displays. The event, organized by Macy's, will feature thousands of shells and various effects, offering a patriotic and stunning show for live spectators and viewers across the nation.

Bloomingdale's introduces Camp Bloomingdale's, a summer-themed pop-up offering a wide range of products from various brands, including outdoor gear by Coleman. The launch includes campsite essentials, camp-inspired clothing, and exclusive merchandise. The activation features fun activities and giveaways, creating a nostalgic camp shopping experience for all ages.

Arkhouse Management Co. LP settles with Macy's, Inc. appointing director nominees to the Board of Directors. Discussions progress towards a potential acquisition. Legal and financial advisors engaged in the process.

Macy’s, Inc. appoints two new independent directors to its Board, Richard (Ric) Clark and Richard (Rick) L. Markee, following the withdrawal of director nominations by Arkhouse Management Co. LP. Tony Spring assumes the chairman role, with Douglas (Doug) W. Sesler joining the Board. The Company continues engagement with Arkhouse and Brigade regarding their acquisition proposal.

Macy’s Flower Show featuring Christian Dior Parfums will enchant visitors with a vibrant floral experience at Macy’s Herald Square from March 24 to April 7, 2024. The show will showcase thousands of live flowers, plants, and trees, with an exclusive Miss Dior fragrance exhibition. Guests can shop for a unique product collection inspired by the show in-store and online.

Macy's, Inc. (M) nominates Douglas W. Sesler, Founder of Fair Street Partners, for election to the Board of Directors. Sesler, a seasoned real estate executive, brings over 35 years of experience in real estate advisory and investing. He founded Fair Street Partners in 2021, focusing on real estate investments and development. Sesler's expertise will enhance the Board's real estate knowledge and help unlock shareholder value.

Macy’s, Inc. (M) appoints Michael Krans as vice president of Macy’s Media Network to enhance advertising partnerships and engage customers. Krans brings over 20 years of sales and marketing experience to drive media campaigns and revenue growth.

Macy's receives a proposal from Arkhouse Management and Brigade Capital to acquire all outstanding shares for $24.00 per share in cash. The Board will review the offer to create long-term value for shareholders.