https://www.marketwatch.com/story/investor-group-aims-to-buy-macys-for-nearly-6-billion-take-it-private-report-adc385c4 Very likely these investors are not interested in running the business – but instead want to put Macy's into debt so they can sell off the assets bit by bit so they can profit the most off of Macy's most important asset – the Harold Square building. Imagine all of the layoffs this will cause. We need to update our tax code to prevent modern pirates (investor groups) from making profits by destroying businesses.
Very likely these investors are not interested in running the business – but instead want to put Macy's into debt so they can sell off the assets bit by bit so they can profit the most off of Macy's most important asset – the Harold Square building.
Imagine all of the layoffs this will cause. We need to update our tax code to prevent modern pirates (investor groups) from making profits by destroying businesses.