Dec. 9 (UPI) -- Two business entities have teamed up to mount a new effort to take over the struggling Macy's department store chain, according to new information. On Monday, it was revealed in a presentation that activist investor Barington Capital Group and Thor Equities have a financial stake in Macy's and have taken the position that Macy's should cut its spending and consider selling some of its luxury brands as it likewise looks at its sizable real estate portfolio. Advertisement Company

Tag-uri: Real Estate