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Top related persons:
Arkhouse - 7 Gavriel Kahane - 6 Macy's - 5 Tony Spring - 2 Neil Saunders - 2 GlobalData's Saunders - 2 Kahane - 2 Jeff Gennette - 2
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Arkhouse Management - 5 CNBC - 4 Brigade - 3 Herald - 2 Macy's - 2 Macy's Inc - 1 National Retail Federation - 1 Bloomberg - 1

Search resuls for: "Gavriel Kahane"


7 mentions found


☆ Macy's proxy fight is over, but the battle for the department store's future wages on
  + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +7 min
Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.
Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City
☆ Macy's settles proxy fight with activist Arkhouse, adds two directors
  + stars: | 2024-04-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Department store Macy's on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy's closer to a deal that would take the 165-year-old department store private. Ric Clark, a former executive at Brookfield, and Rick Markee will join Macy's board effective immediately. Arkhouse first submitted an offer to take the retailer private in 2023. The investment-firm-turned-activist then launched a proxy fight at the company in February, putting up a nine-director slate.
Persons: Ric Clark, Rick Markee, Markee, Clark, Macy's, Arkhouse, Jonathon Blackwell, Gavriel Kahane Organizations: Arkhouse Management, Brookfield, Brigade Management
☆ Arkhouse's Gavriel Kahane on Macy's bid: Our business plan is not to close stores
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArkhouse's Gavriel Kahane on Macy's bid: Our business plan is not to close storesCNBC’s Leslie Picker with Gavriel Kahane, Arkhouse managing partner, joins 'Power Lunch' to discuss Arkhouses's bid to buy Macy’s.
Persons: Gavriel Kahane, CNBC’s Leslie Picker, Arkhouse Organizations: Macy's
☆ Activist Arkhouse launches proxy fight at Macy's, nominates nine directors
  + stars: | 2024-02-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Investment firm Arkhouse Management has launched a proxy fight at Macy's , nominating a slate of nine directors for election to the department store's board. Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's financing. Arkhouse managing partner Gavriel Kahane previously told CNBC that the firm's financing was committed, citing a "highly confident" letter from Jefferies, but said Macy's had not allowed due diligence to occur. Arkhouse had also intimated it would be willing to launch a proxy fight at the retailer.
Persons: Macy's, Gavriel Kahane, Jefferies, Arkhouse Organizations: Arkhouse Management, CNBC, CNBC PRO
☆ New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
  + stars: | 2024-02-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +9 min
Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right. Spring will step onto a bigger stage and inherit the iconic department store's issues when he takes over the role of Macy's CEO on Sunday. He said after leading "the better-run part of the business" in Bloomingdale's, Spring needs to bring those "softer skills" to Macy's. Wooing investors and brandsIn his new role, Spring will have to charm investors, shoppers and hot brands. Macy's struggles have turned the retailer into a target for the activist investors Spring will face down as he becomes CEO.
Persons: Spring, Jeff Gennette, Melissa Repko, Macy's, Tony Spring, Bloomingdale's, Neil Saunders, Gennette, Tony, I'm, Sandro, Alice, Olivia, GlobalData's Saunders, Saunders, Jan, Arkhouse, Gavriel Kahane Organizations: CNBC, Herald, Investors, Maxx, Walmart, Cornell University, Arkhouse Management, Brigade Capital Management Locations: New York, Macy's, White Plains , New York, Bloomingdale's
☆ Certainly not done with pursuit of Macy's acquisition, says Arkhouse's Kahane
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCertainly not done with pursuit of Macy's acquisition, says Arkhouse's KahaneGavriel Kahane, Arkhouse Management managing partner, joins 'Money Movers' to discuss what's next in Arkhouse's plans to take Macy's private, why Arkhouse and Brigade want to own Macy's in the first place, and more.
Persons: Arkhouse's Kahane Gavriel Kahane, what's, Arkhouse Organizations: Arkhouse Management, Brigade
☆ Arkhouse has financing in place for a Macy's take-private, managing partner Kahane says
  + stars: | 2024-01-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Arkhouse has the financing in place to take Macy's private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer's cooperation on due diligence. Arkhouse has previously said it would take "all necessary steps" to acquire Macy's, including going directly to shareholders. Kahane's Arkhouse and Brigade Capital submitted an unsolicited bid to Macy's management in December to take the company private at $21 a share, a premium of more than 32%. Arkhouse also said it could raise its bid above the original $21-per-share offer, but only if the Macy's management was willing to sign a mutual non-disclosure agreement and permit diligence to begin. Macy's board rejected that offer on Sunday, saying in part that it believes it is "highly unlikely" Arkhouse and Brigade's proposed financing "could be successfully executed."
Persons: Arkhouse, Gavriel Kahane, Kahane, Kahane's Arkhouse, Macy's, Jeff Gennette Organizations: CNBC, Brigade Capital, Investment, Jefferies, Brigade
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