Macy's: two appointments to the Board of Directors
April 10, 2024 at 09:57 am EDT
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Macy's announces the appointment of two new independent directors, Richard Clark and Richard Markee, to its Board of Directors, effective immediately, following an agreement with Arkhouse to withdraw the appointments requested by the latter.
The retail group also implements the previously announced changes to its Board of Directors, effective immediately: CEO Tony Spring takes over as Chairman of the Board and Douglas Sesler becomes an independent director.
The Macy's Board of Directors also continues to work with Arkhouse and Brigade on their proposed acquisition of the company, having begun to provide them with certain confidential due diligence information.
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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. 
